Sri Lanka, Aug. 30 -- The terms and regulations of the Voluntary Retirement Scheme (VRS) under the Sri Lanka Electricity Act, No. 36 of 2024 have been published through an Extraordinary Gazette notification, issued under the signature of Minister of Energy Kumara Jayakodi.

The regulations, made in line with Paragraph (f) of Subsection (3) of Section 18 of the Act, outline the compensation structure and eligibility criteria for employees of the Ceylon Electricity Board (CEB) opting for voluntary retirement.

According to the gazette:

* Permanent cadre employees with ten years or more of service will receive:

* Permanent cadre employees with less than ten years of service will receive:

* The compensation is subject to a minimum limit of...