pension fund – Newswire https://www.newswire.lk Sri Lanka's largest News aggregator Tue, 28 Feb 2023 05:25:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.8 https://www.newswire.lk/wp-content/uploads/2020/05/favicon.png pension fund – Newswire https://www.newswire.lk 32 32 New pension system for those who joined State sector after 2016 https://www.newswire.lk/2023/02/28/new-pension-system-for-those-who-joined-state-sector-after-2016/ Tue, 28 Feb 2023 05:25:22 +0000 http://www.newswire.lk/?p=111177

Cabinet approval has been granted for the establishment of a National Contributory Pension Fund for Public Service employees. Cabinet spokesmanContinue Reading

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Cabinet approval has been granted for the establishment of a National Contributory Pension Fund for Public Service employees.

Cabinet spokesman Minister Bandula Gunawardena stated that the Pension Fund will be established for new Public Service employees and those who have joined the Public Service after January 2016.

He further stated that the Pension Fund will see an 8% contribution from the employee and a 12% contribution from the employer. (NewsWire)

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