Sri Lanka opposition parties yet to decide on private sector pension scheme

Apr 11, Colombo: Country’s main opposition parties the United National Party (UNP) and Marxist Janatha Vimukthi Peramuna (JVP) have not yet decided on their stance with regard to the pension schemes proposed by the government to the private sector.

The UNP says it would seek the opinions of trade union representatives and private sector employees about pension benefits.

Chief Opposition Whip John Amaratunga has told the media that the party would also discuss with the Employers’ Federation.

The government last week presented several bills in the parliament to implement pension schemes for private sector employees as well as for self-employed.

The government plans to set up three separate Contributory Pension Funds from May 01, 2011 for the private sector, the expatriate workers and for the self-employed.

According to Amaratunga, the UNP is to decide on its stance with regard to the legislation presented in parliament after consulting the relevant stakeholders.

Meanwhile, the JVP has said that they had not yet decided on its stance with regard to the bills.

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