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Golden handshake for SLPA workers

The Treasury has approved a voluntary retirement scheme for Sri Lanka Ports Authority (SLPA) employees with a maximum compensation of Rs 750,000.

The retirement age is set at 55 to 60 years for paying compensation. Employees with less than 10 years service are not eligible for this scheme, a Port Ministry official told the Daily News yesterday.

The workers who opt to retire will also receive two months salary for each year of past service. In addition to the compensation, all statutory payments will be made. Employees who are suspended, interdicted, on compulsory leave or with disciplinary inquiries on misconduct are not eligible.

Employees on no pay leave or bonded to fulfil an obligatory period of service are not eligible to apply.

Employees retrenched under this scheme will not be permitted to re-join the public service including public corporations, statutory boards and government owned companies under any circumstances.

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