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Govt. gazettes VRS for CEB employees
Daily FT
|September 01, 2025
THE Government has introduced a new voluntary retirement scheme (VRS) for employees of the Ceylon Electricity Board (CEB) who do not wish to transfer to the successor company.
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The move follows the approval of regulations under Section 50 of the Sri Lanka Electricity Act, No. 36 of 2024. The Extraordinary Gazette dated 26 August 2025 was issued by Energy Minister Kumara Jayakody, setting out the terms and conditions of the scheme.
According to the regulations, permanent employees with over 10 years of service will be entitled to compensation based on two months of salary for each year of completed service. They will also receive one and a half months' salary for each year of service foregone.
The minimum payment under this category will be Rs. 900,000, and the maximum will be capped at Rs. 5 million.
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