Business community welcomes retirement age extension

‘Exploit right talent too’:

by Lalin FERNANDOPULLE

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The retirement age of public sector workers may be increased to 63 in keeping with global trends and increased life expectancy in the country, said an official of the Department of Pensions.

Over 1.1 million workers will benefit with the implementation of the new proposal.The retirement age of public sector employees is 55 which could be extended for another year or two.

While the new proposal has been hailed as a good move to retain the services of experienced personnel in the workplace certain sections are opposed to it as it curtails new recruitment and employment opportunities for youth.

The business community said that while the services of experienced personnel are vital it is also important to recruit the right talent who could add value to the company. President of the Chamber of Small Industry Aloy Jayawardene said the services of public servants should be extended to sustain quality of service.

“Public servants who earn a meagre income should be allowed to work and save for their future. Certain countries permit people to work up to 70”, he said.

Managing Director, Chevron Lubricants PLC, Kishu Gomes said the government should not go by age alone and permit people to continue to work after the retirement age. It is essential to select people with the right vision and attitude who will be responsible for the welfare of the institution.

“The public sector should provide employment to youth and create a conducive environment to develop their talents. Youth in search of greener pastures are increasing.

The country should make use of the young talent if not it will have to depend on other countries for expertise”, he said.