Review of Superannuation Benefit Programs in Sri Lanka
This report examines the current system of old age income security in Sri Lanka to determine whether it provides reasonable pension for retirees. It also explores the effects of the current system on labor market mobility and the fiscal deficit and...
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| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2000/05/437180/sri-lanka-review-superannuation-benefit-programs-sri-lanka http://hdl.handle.net/10986/15188 |
| Summary: | This report examines the current system
of old age income security in Sri Lanka to determine whether
it provides reasonable pension for retirees. It also
explores the effects of the current system on labor market
mobility and the fiscal deficit and looks at the potential
for establishing greater demand for debt, particularly
long-term debt, and equity securities through the
strengthening of contractual savings. The focus of this note
has been to review the formal systems of retirement savings
provision currently in place in Sri Lanka, particularly from
the perspective of cost effectiveness and administrative
efficiency, and to ascertain policy options available to the
government of Sri Lanka. The report outlines key objectives
which would address material shortcomings in the present
system, proposes potential reform strategy components, and
explores measures which might assist in achieving these goals. |
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