CEB VRS 50 per cent compensation by 15 May

Energy Minister Anura Karunathilaka said that compensation for Ceylon Electricity Board (CEB) employees who applied for retirement under the voluntary retirement scheme (VRS) following the dissolution of the CEB is expected to be paid in two phases. Responding to a question in Parliament, he said that 50 per cent of the total compensation will be provided under the first phase through funds from the Treasury. He said the relevant paper has been submitted for Cabinet of Ministers approval and is expected to receive approval within the coming week. Accordingly, the first 50 per cent of the compensation is expected to be paid to the relevant retirees by 15 May, while the remaining 50 per cent is expected to be provided within a short period thereafter, Karunathilaka said. Addressing the House, he stated:  “We expect 50 per cent of compensation to be provided through the funds of the General Treasury. The paper for that has been submitted for Cabinet approval. I believe that we will receive Cabinet approval by next week. Accordingly, we will take steps to provide the first 50 per cent to the relevant retirees by 15 May. And we are taking steps to provide the remaining 50 per cent within a short period thereafter.”

Source - The Morning