New pension scheme to be introduced

New pension scheme to be introduced

May 26, 2023   12:26 pm

State Minister of Social Empowerment Anupa Pasqual has revealed that a new pension scheme will be introduced in the future.

Accordingly, a contributory pension scheme is to be introduced by the government for state sector employees, in a bid to reduce the burden on the country’s finances.

The novel scheme will be funded by both the employer and the employee, with the former contributing 12% and the latter 8%.

Speaking to the media in Kalutara on the matter, Pasqual explained that such a system has been proven successful by many countries in the world.

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Foreign Minister Vijitha Herath defends govt's actions regarding latest UNHRC resolution (English)

Foreign Minister Vijitha Herath defends govt's actions regarding latest UNHRC resolution (English)

Legal action against those who spread misinformation about Easter attacks 'mastermind' - FM (English)

Derana actively contributed to raising public awareness about country's reality - Cardinal Ranjith (English)

Gammanpila summoned to Bribery Commission to record statement over his complaint on containers (English)

🔴LIVE | Ada Derana Prime Time News Bulletin | 2025.10.09

LIVE🔴 Ada Derana 12.00 Midday News Bulletin

CEB seeks 6.8% electricity tariff increase: Opposition parties, unions call for reduction (English)

UN panel expresses concern over Sri Lanka's lack of progress in addressing enforced disappearances (English)