Finance Minister Basil Rajapaksa proposed that to eligibal to receive a pansion a MP must serve a minimum of ten years in Parliament. This will be applicable for the President as well.
This is a proposal included in Appropriation Bill 2022.
Currently, a MP who serve five years in Parliament is eligible to recieve pansion.
Meanwhile, the retirement age of state workers will be increased to 65 years as the number of senior citizens have been increased in recent times. This will not affect the Youth when providing jobs, Rajapaksa said.