Around 25,000 government servants go on retirement annually. A system of paying their retirement bonus allowances expeditiously by the State Banks has been introduced. This task is being carried out productively and efficiently at present.

The Cabinet approved a proposal by Finance Minister Ravi Karunanayake to empower the Treasury to increase the amount of revolving loan facility provided to the Director General of Pension Payments by the Bank of Ceylon, the People’s Bank and the National Savings Bank whenever necessary.