COLOMBO (News 1st) – The Cabinet of Ministers has granted approval to revise the mandatory retirement age of employees of State Owned Enterprises to 60 years, and issue a circular in this regard with effect from 1st of January 2023.A statement from the Department of Government Information as proposed by the Supplementary Budget 2022 passed by Parliament, the compulsory Retirement Age of employees serving in State – Owned Enterprises (SOEs) is to be revised as 60 years..