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Sun09222019

Last updateMon, 24 Jun 2019 2pm

Local News

The rectification of pension anomalies comes into effect next month as per the 2019 budget

The rectification of pension anomalies comes into effect next month as per the 2019 budget. The Ministry of Finance says around 500,000 pensioners who retired before 31st December 2015 will benefit by way of increases ranging between 2,800 rupees and 20,000 rupees.

With this revision in pension payments, an interim payment of 3,500 rupees will be added to the new pension plus the 3,525 cost of living allowance. The government has allocated 12,000 million rupees to meet the additional expenditure arising from these pension increases.