New Flexible Pension Scheme Planned for 1.7 Million Migrant Workers - Business News LK
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New Flexible Pension Scheme Planned for 1.7 Million Migrant Workers - Business News LK
Deputy Minister of Foreign Affairs and Foreign Employment Arun Hemachandra announced the proposal in Parliament on Friday (10) while responding to a private member’s motion. Pension Scheme to Offer More Choices The proposed scheme will replace the current one-size-fits-all approach. Instead, it will calculate benefits based on each worker’s income and years of overseas employment. Workers can choose a monthly pension after retirement or receive …
Govt details new pension scheme plans for migrant workers
The Government is preparing to introduce a more flexible and attractive pension scheme for Sri Lankan migrant workers, Deputy Minister of Foreign Affairs and Foreign Employment Arun Hemachandra told Parliament on Friday (10). Responding to a private member’s motion moved by MP Rohini Kumari Wijerathna, the Deputy Minister said the new scheme would offer benefits tailored to workers’ employment periods and income levels, instead of a one-size-fit…
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