paper is intended as a manual for policy makers on the theoretical
framework and design of formal retirement-income-security
arrangements. It looks at the purposes and methods of providing
income security for the elderly through formal arrangements.
It explains the elements of designing an income security
arrangement and examines the implications of different rules
and methods of collecting contributions, making payments
and managing retirement income security arrangements.
Several issues have arisen in the current
international debate with regard to the “reform”
of income security arrangements, especially (but not only)
because of demographic ageing. These issues (on the methods
of funding, benefit calculations and management) are described
and discussed in both their practical and theoretical contexts.
The paper also develops a matrix for categorising the functional
impacts of income-security arrangements and evaluates different
forms of income security design in terms of their functional
strengths and weaknesses.
The last section derives applications to
the income security arrangements in Sri Lanka. It related
the theoretical understanding with historical developments
and political realities in identifying specific policy options
to improve the adequacy, coverage, efficiency and sustainability
of retirement income arrangements in the Sri Lankan context.
Table of Contents:
- Theoretical Framework
- Issues of Transition and Reform
- Applications to Sri Lanka