8. Submit your proposals how to reintroduce this bill, as expectable for all stakeholders?
9.
10. the proposed pension fund bill?Even though providing old age pension scheme is a good concept; Sri Lankan government had to withdraw the proposed pension fund bill with the increasing protest of workforce. What are the reasons for it?<br />As I think, this situation happened because of the poor industrial relations within the country. There is not sound corporate tri-party industrial relation among Government, Employees and Employers within the country. <br />158115067310<br />As mentioned in above diagram if there was healthy industrial relation among these tri-parties we were never experience such an unfortunate situation happened in BOI factories. Why those employees reject the proposed superannuation scheme? <br />If there is proper industrial relationship among those parties there will be a good communication. Unawareness of the employees is the basic reason for that unfortunate death of employee at the BOI factories incident. Secondly above mentioned issues also caused to withdraw this bill. These issues created a big fear for the bill among employees. This fear and trade union’s political agendas lead employees toward against the proposed act.<br />Another important thing is that government did not well prepared for the act and also didn’t take it to discuss with steak holders. Sri Lanka had the similar experience when ETF and EPF funds begun in the past. Even though government didn’t prepared for the after effects which can happened with the bill introduced. Also government didn’t calculate the political power of trade unions before the act introduced.<br />Also the bill was drafted by ministry of finance. There is no any contribution of the ministry of labor and labor relations. Also no any contribution or suggestions from employee’s as well as employer’s side.<br />The Hon. Minister of labor and labor relations conducted a meeting assuring that a meeting will be arranged with those responsible for drafting of the bill before legislation will be introduced to parliament. However, in the meantime before arranging this meeting, a draft bill was presented to parliament on 8th April. <br />The draft bill that was presented to the parliament for the first reading was not the copy that was circulated or discussed at the NLAC.<br />All of above reasons lead to create several unbeneficial issues within the bill which were discussed section by section at the beginning. Ultimately these reasons collectively create a conflict situation in the BOI factories and the political parties who want to get the chance and advantage of the conflict, create a big struggle and that will cause to death of innocent employee of BOI. This situation guides the government to withdraw the proposed pension fund bill.<br />How could we Reintroduce the bill ?<br />(Conclusion)<br />All employees know that Pension scheme is a good superannuation for the secure of their retirement life. But employees have rejected that proposed act at initial stages. We have discussed the issues and problems as well as reasons for it. Then we have to think that how could reintroduce the proposed pension bill?<br />As government says they never closed up this concept. This is only a temporary withdrawal. Therefore it is important to think the way how it should come to activate in the future.<br />When it become active it should be reasonably beneficial for all the stake holders connected with private sector. All above discussed issues and problems should be solved in fair manner and employee should feel that the scheme is for their retirement benefits only, not for government investment purposes.<br />Before the act taken back, Government should create healthy industrial relations among employee’s trade unions and Employer’s representatives. Every party in the industrial relation should have a trust toward each other. Communication paths must be developed and before the bill introduced the parliament it should be well discussed among those parties and provisions and amendment should be added. Also proper administrative and reclaim method should be introduced. <br />If government can reintroduce it with such fair and reasonable manner, I’m sure that employee will never reject such a valuable superannuation benefit again.<br />References<br />Proposed Employee Pension Benefit Fund act<br />News paper articles with regarding to act.<br />http://www.asiantribune.com/news/2011/05/30/conflicting-views-prevail-proposed-private-sector-pension-bill-garment-sector-worker<br />http://www.nation.lk/2011/05/22/inter3.htm<br />