The Monetary Board (MB) has approved pensions with arrears for several former and the incumbent Governor of the Central Bank of Sri Lanka irrespective of the lengths of their tenures, the Sunday Times reports.
Under the new scheme, all Governors will be eligible for pensions regardless of their service periods, despite other public sector employees requiring at least 10 years of service to qualify. The only exception is Members of Parliament who receive a pension after five years, The Sunday Times news report written by Senior Journalist Namini Wijedasa added.
Former Governor Arjuna Mahendran is likely to be exempted as he is embroiled in legal proceedings, The news report added.
According to the news report the decision to award pensions has been made after a request from Ajith Nivard Cabraal, State Minister of Finance, Capital Markets and State Enterprise Reforms.
Minister Cabral was the CBSL Governor from July 2006 to January 2015. He has responded to the Sunday Times news story with the following tweet.
