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Thursday, 13 January 2011

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Budgeted salary hike this month

Five percent salary hike would be granted to all public sector employees with effect from January as the President declared in his Budget speech, said Public Administration and Home Affairs Minister W D J Seneviratne.

Addressing a media conference at the Ministry premises yesterday the Minister said Rs 600 added to the Cost of Living (COL) would also be granted from this month.

“Accordingly, the salary of most of the public servants will be increased by Rs 1500. The COL will be increased from Rs 5,250 to Rs 5,850. However, executive level officers will receive the COL addition from July onwards,” he said.

He observed that the Government is facing difficulties to grant Rs 2,500 salary hike for all at once due to the sharp economic development that is being carried out throughout the country.

He said rural economic development programs are being conducted for infrastructure development.

However, the Government is committed to fulfilling the promises made by the President in the Mahinda Chintana, he said. He said with effect from January 2011, the pension would be also increased from Rs 2,375 to Rs 2,675 as declared in the budget. He revealed that the Government will introduce the pension scheme for private sector employees within this year. The Minister said the age of retirement is 60 and the Government has not taken any decision to bring it down to 57.

However, the Government took a decision not to extend service after 60 considering union demands and employee promotion problems.

He declined the recent reports that the Government was planning to remove Poya Day holiday. He said the promised Rs 2500 salary increment would be definitely granted for all public sector employees gradually and the Government is highly interested in fulfilling this promise.

 

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