IPS carried out a study on Income Security for Pensions in Sri Lanka, as part of a project conducted by UNESCAP on “Income security for older persons in Asia and the Pacific”, which is aimed at strengthening regional cooperation to address ageing populations. As a part of the project IPS drafted a paper describing the demographic transitions taking place in the country, existing pension funds in Sri Lanka and their characteristics, assesses the coverage and adequacy of the different pension schemes. It also examines how these are different for males and females. It estimates that the fiscal cost of extending pension coverage to the population and examines the fiscal cost of implementing a universal pension at different retirement ages, and highlights the estimated cost of extending the PSPS to the population of older persons.
Income Security for Older Persons in Sri Lanka