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Cabinet clears to scrap pensions for MPs, special benefits for ex-Presidents
Daily FT
|June 18, 2025
Directs Legal Draftsman to formulate two bills to repeal lifetime pensions for MPs and cancel special entitlements for former Presidents and their families Cabinet Spokesman Dr. Nalinda Jayatissa says decision reflects public demand for accountability and reduced wasteful spending Reforms aim to end pensions after just five years of MP service and cut taxpayer-funded perks like housing, vehicles, and staff for ex-Presidents
IN a bid to encourage political accountability and reduce State expenditure, the Cabinet of Ministers on Monday approved a draft legislation to repeal pensions for Members of Parliament and cancel special entitlements for former Presidents and their families.
It was decided to instruct the Legal Draftsman to formulate two separate bills to curtail the special privileges historically granted to former Presidents and their families as well as cancelling the pension of the MPs.
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