Abstract:
The Budget of the Sri Lankan government for the year 2022 proposed to increase the minimum retirement age of public sector employees up to 65 years in November 2021. The main objective of this study is to detect the factors affecting the perception of extending the retirement age of public sector employees except in the education sector. The sample unit of this research is the public sector employees in the Western province. Primary data were utilized for this study and collected through a structured questionnaire.A sample of 350 was selected using the stratified random sampling technique.Structural Equation Modeling was employed to analyze the data. It was suggested Job Satisfaction and Health Status can positively impact family affiliations and financial stability and can negatively impact the perception of extending the retirement age of public sector employees.
