Minister of Ports, Civil Aviation and Energy Anura Karunathilaka has announced that compensation for employees of the Ceylon Electricity Board (CEB) who opted for retirement under the Voluntary Retirement Scheme (VRS) will be disbursed in two phases.
Responding to a question in Parliament, the Minister stated that 50 percent of the total compensation will be paid in the first phase using funds allocated from the General Treasury. He noted that the necessary Cabinet paper has already been submitted and is expected to receive approval within the coming week.
According to the proposed timeline, the initial 50 percent payment is expected to be made to eligible retirees by May 15. The remaining balance will be settled shortly thereafter, ensuring that affected employees receive their full compensation within a reasonable timeframe.
Addressing the House, Minister Karunathilaka expressed confidence in the process, stating that steps are already underway to secure approval and facilitate timely payments. He reiterated that the government is committed to providing the first installment promptly, followed by the remaining amount without significant delay.
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