1,600 Southern Province cooperative employees enroll for pension scheme | Daily News

1,600 Southern Province cooperative employees enroll for pension scheme

One thousand six hundred cooperative employees in the Southern Province have enrolled for a pension scheme, Provincial Cooperative Development Commissioner Ruwan Kannangara said.

Kannangara said his cooperative pension scheme was launched in April, 2019, adding that 5 percent of the monthly salaries of the employees are taken for the scheme, while the respective cooperative societies would add 2.5 percent from their funds.

The Southern Province Cooperative Development Commissioner said that on the instructions of Southern Province Governor Dr. Willie Gamage, a sum of Rs.100 million from cooperative funds has been set aside for the Southern Province cooperative employees’ pension scheme.