Salary hike : CBSL officials summoned before Party Leaders

March 1, 2024 at 12:24 PM

A decision has been taken to summon officials of the Central Bank of Sri Lanka (CBSL) before the Party Leaders next week.

According to a Parliament statement, the CBSL officials are to be summoned before the Party Leaders on Tuesday, March 05, 2024.

The CBSL officials are to be summoned to inquire about the recent salary hikes provided to Central Bank employees.

The matter came to light after some Members of Parliament at recent Parliament proceedings questioned the latest revision of remuneration of CBSL employees that was approved by the bank’s Governing Board.

Following the queries in Parliament, the CBSL Executive Officers’ Union issued a clarification, stating that the salary increment was provided under the triennial Collective Agreement entered into with the Trade Unions covering the period 2024- 2026. 

Clarifying the matter further, the Union highlighted that the collective agreement for 2024-2026 was a result of negotiation between the management and the unions.

Stating that it is no secret that the central bank’s salaries are higher than other services, the Union said they require a competitive salary to do their jobs without pressure. (NewsWire)