Government settles pension anomalies benefiting over 500,000 pensioners

Government settles pension anomalies benefiting over 500,000 pensioners

16 June 2019 07:30 pm

The government takes measures to settle pension anomalies benefiting over 500,000 public servants who retired before December 31.2015.

The monthly pension of the public servants who retired before 31.12.2015 will be increased by minimum of Rs.2,800  and the maximum of Rs.20,000.

These pensioners will receive this monetary benefit based on the removal of the anomaly that existed in the pension of those who retired before the December 2015.

The proposal made by Finance Minister Mangala Samaraweera in his budget 2019 to remove the pensioners’ pension anomalies will be implemented effective from next month.

Minister Samaraweera in his Budget – 2019 had announced the removal of this pension anomaly of over 500000 pensioners allocating   Rs.12 billion in its budget to pay these increments to pensioners

This anomaly was created as a result of those who retired before December 31, 2015 and others who retired thereafter were considered under two different circulars.

Pensions were paid to the public servants who retired before December 31, 2015 under Circular 05/2015 and their counterparts who retired thereafter were paid pensions under Circular 03/2016.

The salary amendments are made systematically until 2020 for the pensioners coming under 03/2016 and their basic salary will be increased by 107 % in 2020 when compared with that of 2016.

Accordingly, the pension of a retired KKS Grade I who retired before 31.12.2015 has been increased by Rs.2800/=.

The pension of a retired Management Assistant Grade I has been increased by Rs.5,200/= under the proposed new pension scheme.

Pension of Teacher in Grade one service I will be increased by Rs.9,200/= and the pension of a retired Nursing Officer will be increased by Rs.9,200/=

The pension of a retired Police Sergeant will be increased by Rs.4200/=.

A retired senior executive officer will get an increase by Rs.16,000/= and the pension of a ministry secretary who retired before 31.12.2015 will be increased by Rs.20,000/=.

An Interim allowance of Rs.3,500, paid to the pensioners who retired under the Circular 05/2015, until this new anomaly was removed will be included to the new salary structure.

Further, the cost of living allowance of Rs.3,525 paid at present will be continued to be paid to all pensioners.