SOE Retirement Age at 60 years - Circular in effect from 1st Jan 2023

COLOMBO (News 1st) - The Cabinet of Ministers has granted approval to revise the mandatory retirement age of employees of State Owned Enterprises to 60 years, and issue a circular in this regard with effect from 1st of January 2023.

A statement from the Department of Government Information as proposed by the Supplementary Budget 2022 passed by Parliament, the compulsory Retirement Age of employees serving in State - Owned Enterprises (SOEs) is to be revised as 60 years.