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 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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dig-okr-10986151882021-04-23T14:03:15Z Review of Superannuation Benefit Programs in Sri Lanka World Bank OLD AGE BENEFITS OLD AGE INSURANCE PENSION COVERAGE LABOR MOBILITY FISCAL DEFICITS RETIREMENT BENEFITS RETIREMENT PROGRAMS COST EFFECTIVENESS EFFICIENCY RETIREMENT POLICY RISK MANAGEMENT INVESTMENT RETURNS ANNUITIES REGULATORY FRAMEWORK SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEMS SAVINGS PROMOTION SOCIAL SAFETY NETS FISCAL SUSTAINABILITY CAPITAL MARKET GROWTH ACCUMULATION PERIOD ADMINISTRATIVE COSTS AGED AGING ANNUITIES ASSET MANAGEMENT BENEFIT SCHEMES BONDS CAPITAL MARKETS CIVIL SERVICE CLEARINGHOUSES CONTRACTUAL SAVINGS INSTITUTIONS CONTRIBUTION COLLECTION COST EFFECTIVENESS DEBT DEFINED BENEFIT SCHEMES DEPENDENCY RATIO ECONOMIC CIRCUMSTANCES ECONOMIC IMPACT EMPLOYMENT EVASION FAMILIES FAMILY CARE FAMILY SUPPORT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FISCAL DEFICITS FISCAL RESPONSIBILITY FISCAL YEAR FUNDED SCHEMES GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SECURITIES GRATUITY FUNDS HEALTH SERVICES HOLISTIC APPROACH HOUSING HOUSING FINANCE INCOME INCOME LEVELS INCOME SUPPORT INDIRECT COST INFLATION INFORMAL SECTOR INFORMATION ASYMMETRIES INNOVATION INSURANCE INTEREST RATES INVESTMENT RETURNS LABOR COSTS LABOR FORCE LEGISLATION LIFE EXPECTANCY MANAGERS MANDATORY RETIREMENT MARKET RISK MARKETING MULTIPILLAR SYSTEMS OCCUPATIONAL PENSIONS PARENTS PENSION COSTS PENSION FORMULA PENSION FUND PENSION PLAN PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POVERTY ALLEVIATION PRIVATE SECTOR PRIVATIZATION PROVIDENT FUNDS PUBLIC SECTOR PUBLIC SECTOR COMPENSATION PUBLIC SECTOR EMPLOYMENT PUBLIC SERVICE REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS RISK MANAGEMENT RURAL COMMUNITIES SAFETY SAFETY NETS SAVINGS SAVINGS SCHEMES SECURITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX INCENTIVES TAX REFORM TAX REVENUE TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY UNEMPLOYMENT WAGES WIDOWS WORKERS 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. 2013-08-19T21:25:22Z 2013-08-19T21:25:22Z 2000-05-19 http://documents.worldbank.org/curated/en/2000/05/437180/sri-lanka-review-superannuation-benefit-programs-sri-lanka http://hdl.handle.net/10986/15188 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC South Asia Sri Lanka |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
OLD AGE BENEFITS OLD AGE INSURANCE PENSION COVERAGE LABOR MOBILITY FISCAL DEFICITS RETIREMENT BENEFITS RETIREMENT PROGRAMS COST EFFECTIVENESS EFFICIENCY RETIREMENT POLICY RISK MANAGEMENT INVESTMENT RETURNS ANNUITIES REGULATORY FRAMEWORK SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEMS SAVINGS PROMOTION SOCIAL SAFETY NETS FISCAL SUSTAINABILITY CAPITAL MARKET GROWTH ACCUMULATION PERIOD ADMINISTRATIVE COSTS AGED AGING ANNUITIES ASSET MANAGEMENT BENEFIT SCHEMES BONDS CAPITAL MARKETS CIVIL SERVICE CLEARINGHOUSES CONTRACTUAL SAVINGS INSTITUTIONS CONTRIBUTION COLLECTION COST EFFECTIVENESS DEBT DEFINED BENEFIT SCHEMES DEPENDENCY RATIO ECONOMIC CIRCUMSTANCES ECONOMIC IMPACT EMPLOYMENT EVASION FAMILIES FAMILY CARE FAMILY SUPPORT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FISCAL DEFICITS FISCAL RESPONSIBILITY FISCAL YEAR FUNDED SCHEMES GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SECURITIES GRATUITY FUNDS HEALTH SERVICES HOLISTIC APPROACH HOUSING HOUSING FINANCE INCOME INCOME LEVELS INCOME SUPPORT INDIRECT COST INFLATION INFORMAL SECTOR INFORMATION ASYMMETRIES INNOVATION INSURANCE INTEREST RATES INVESTMENT RETURNS LABOR COSTS LABOR FORCE LEGISLATION LIFE EXPECTANCY MANAGERS MANDATORY RETIREMENT MARKET RISK MARKETING MULTIPILLAR SYSTEMS OCCUPATIONAL PENSIONS PARENTS PENSION COSTS PENSION FORMULA PENSION FUND PENSION PLAN PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POVERTY ALLEVIATION PRIVATE SECTOR PRIVATIZATION PROVIDENT FUNDS PUBLIC SECTOR PUBLIC SECTOR COMPENSATION PUBLIC SECTOR EMPLOYMENT PUBLIC SERVICE REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS RISK MANAGEMENT RURAL COMMUNITIES SAFETY SAFETY NETS SAVINGS SAVINGS SCHEMES SECURITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX INCENTIVES TAX REFORM TAX REVENUE TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY UNEMPLOYMENT WAGES WIDOWS WORKERS OLD AGE BENEFITS OLD AGE INSURANCE PENSION COVERAGE LABOR MOBILITY FISCAL DEFICITS RETIREMENT BENEFITS RETIREMENT PROGRAMS COST EFFECTIVENESS EFFICIENCY RETIREMENT POLICY RISK MANAGEMENT INVESTMENT RETURNS ANNUITIES REGULATORY FRAMEWORK SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEMS SAVINGS PROMOTION SOCIAL SAFETY NETS FISCAL SUSTAINABILITY CAPITAL MARKET GROWTH ACCUMULATION PERIOD ADMINISTRATIVE COSTS AGED AGING ANNUITIES ASSET MANAGEMENT BENEFIT SCHEMES BONDS CAPITAL MARKETS CIVIL SERVICE CLEARINGHOUSES CONTRACTUAL SAVINGS INSTITUTIONS CONTRIBUTION COLLECTION COST EFFECTIVENESS DEBT DEFINED BENEFIT SCHEMES DEPENDENCY RATIO ECONOMIC CIRCUMSTANCES ECONOMIC IMPACT EMPLOYMENT EVASION FAMILIES FAMILY CARE FAMILY SUPPORT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FISCAL DEFICITS FISCAL RESPONSIBILITY FISCAL YEAR FUNDED SCHEMES GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SECURITIES GRATUITY FUNDS HEALTH SERVICES HOLISTIC APPROACH HOUSING HOUSING FINANCE INCOME INCOME LEVELS INCOME SUPPORT INDIRECT COST INFLATION INFORMAL SECTOR INFORMATION ASYMMETRIES INNOVATION INSURANCE INTEREST RATES INVESTMENT RETURNS LABOR COSTS LABOR FORCE LEGISLATION LIFE EXPECTANCY MANAGERS MANDATORY RETIREMENT MARKET RISK MARKETING MULTIPILLAR SYSTEMS OCCUPATIONAL PENSIONS PARENTS PENSION COSTS PENSION FORMULA PENSION FUND PENSION PLAN PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POVERTY ALLEVIATION PRIVATE SECTOR PRIVATIZATION PROVIDENT FUNDS PUBLIC SECTOR PUBLIC SECTOR COMPENSATION PUBLIC SECTOR EMPLOYMENT PUBLIC SERVICE REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS RISK MANAGEMENT RURAL COMMUNITIES SAFETY SAFETY NETS SAVINGS SAVINGS SCHEMES SECURITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX INCENTIVES TAX REFORM TAX REVENUE TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY UNEMPLOYMENT WAGES WIDOWS WORKERS |
| spellingShingle |
OLD AGE BENEFITS OLD AGE INSURANCE PENSION COVERAGE LABOR MOBILITY FISCAL DEFICITS RETIREMENT BENEFITS RETIREMENT PROGRAMS COST EFFECTIVENESS EFFICIENCY RETIREMENT POLICY RISK MANAGEMENT INVESTMENT RETURNS ANNUITIES REGULATORY FRAMEWORK SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEMS SAVINGS PROMOTION SOCIAL SAFETY NETS FISCAL SUSTAINABILITY CAPITAL MARKET GROWTH ACCUMULATION PERIOD ADMINISTRATIVE COSTS AGED AGING ANNUITIES ASSET MANAGEMENT BENEFIT SCHEMES BONDS CAPITAL MARKETS CIVIL SERVICE CLEARINGHOUSES CONTRACTUAL SAVINGS INSTITUTIONS CONTRIBUTION COLLECTION COST EFFECTIVENESS DEBT DEFINED BENEFIT SCHEMES DEPENDENCY RATIO ECONOMIC CIRCUMSTANCES ECONOMIC IMPACT EMPLOYMENT EVASION FAMILIES FAMILY CARE FAMILY SUPPORT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FISCAL DEFICITS FISCAL RESPONSIBILITY FISCAL YEAR FUNDED SCHEMES GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SECURITIES GRATUITY FUNDS HEALTH SERVICES HOLISTIC APPROACH HOUSING HOUSING FINANCE INCOME INCOME LEVELS INCOME SUPPORT INDIRECT COST INFLATION INFORMAL SECTOR INFORMATION ASYMMETRIES INNOVATION INSURANCE INTEREST RATES INVESTMENT RETURNS LABOR COSTS LABOR FORCE LEGISLATION LIFE EXPECTANCY MANAGERS MANDATORY RETIREMENT MARKET RISK MARKETING MULTIPILLAR SYSTEMS OCCUPATIONAL PENSIONS PARENTS PENSION COSTS PENSION FORMULA PENSION FUND PENSION PLAN PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POVERTY ALLEVIATION PRIVATE SECTOR PRIVATIZATION PROVIDENT FUNDS PUBLIC SECTOR PUBLIC SECTOR COMPENSATION PUBLIC SECTOR EMPLOYMENT PUBLIC SERVICE REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS RISK MANAGEMENT RURAL COMMUNITIES SAFETY SAFETY NETS SAVINGS SAVINGS SCHEMES SECURITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX INCENTIVES TAX REFORM TAX REVENUE TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY UNEMPLOYMENT WAGES WIDOWS WORKERS OLD AGE BENEFITS OLD AGE INSURANCE PENSION COVERAGE LABOR MOBILITY FISCAL DEFICITS RETIREMENT BENEFITS RETIREMENT PROGRAMS COST EFFECTIVENESS EFFICIENCY RETIREMENT POLICY RISK MANAGEMENT INVESTMENT RETURNS ANNUITIES REGULATORY FRAMEWORK SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEMS SAVINGS PROMOTION SOCIAL SAFETY NETS FISCAL SUSTAINABILITY CAPITAL MARKET GROWTH ACCUMULATION PERIOD ADMINISTRATIVE COSTS AGED AGING ANNUITIES ASSET MANAGEMENT BENEFIT SCHEMES BONDS CAPITAL MARKETS CIVIL SERVICE CLEARINGHOUSES CONTRACTUAL SAVINGS INSTITUTIONS CONTRIBUTION COLLECTION COST EFFECTIVENESS DEBT DEFINED BENEFIT SCHEMES DEPENDENCY RATIO ECONOMIC CIRCUMSTANCES ECONOMIC IMPACT EMPLOYMENT EVASION FAMILIES FAMILY CARE FAMILY SUPPORT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FISCAL DEFICITS FISCAL RESPONSIBILITY FISCAL YEAR FUNDED SCHEMES GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SECURITIES GRATUITY FUNDS HEALTH SERVICES HOLISTIC APPROACH HOUSING HOUSING FINANCE INCOME INCOME LEVELS INCOME SUPPORT INDIRECT COST INFLATION INFORMAL SECTOR INFORMATION ASYMMETRIES INNOVATION INSURANCE INTEREST RATES INVESTMENT RETURNS LABOR COSTS LABOR FORCE LEGISLATION LIFE EXPECTANCY MANAGERS MANDATORY RETIREMENT MARKET RISK MARKETING MULTIPILLAR SYSTEMS OCCUPATIONAL PENSIONS PARENTS PENSION COSTS PENSION FORMULA PENSION FUND PENSION PLAN PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POVERTY ALLEVIATION PRIVATE SECTOR PRIVATIZATION PROVIDENT FUNDS PUBLIC SECTOR PUBLIC SECTOR COMPENSATION PUBLIC SECTOR EMPLOYMENT PUBLIC SERVICE REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS RISK MANAGEMENT RURAL COMMUNITIES SAFETY SAFETY NETS SAVINGS SAVINGS SCHEMES SECURITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX INCENTIVES TAX REFORM TAX REVENUE TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY UNEMPLOYMENT WAGES WIDOWS WORKERS World Bank Review of Superannuation Benefit Programs in Sri Lanka |
| description |
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. |
| topic_facet |
OLD AGE BENEFITS OLD AGE INSURANCE PENSION COVERAGE LABOR MOBILITY FISCAL DEFICITS RETIREMENT BENEFITS RETIREMENT PROGRAMS COST EFFECTIVENESS EFFICIENCY RETIREMENT POLICY RISK MANAGEMENT INVESTMENT RETURNS ANNUITIES REGULATORY FRAMEWORK SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEMS SAVINGS PROMOTION SOCIAL SAFETY NETS FISCAL SUSTAINABILITY CAPITAL MARKET GROWTH ACCUMULATION PERIOD ADMINISTRATIVE COSTS AGED AGING ANNUITIES ASSET MANAGEMENT BENEFIT SCHEMES BONDS CAPITAL MARKETS CIVIL SERVICE CLEARINGHOUSES CONTRACTUAL SAVINGS INSTITUTIONS CONTRIBUTION COLLECTION COST EFFECTIVENESS DEBT DEFINED BENEFIT SCHEMES DEPENDENCY RATIO ECONOMIC CIRCUMSTANCES ECONOMIC IMPACT EMPLOYMENT EVASION FAMILIES FAMILY CARE FAMILY SUPPORT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FISCAL DEFICITS FISCAL RESPONSIBILITY FISCAL YEAR FUNDED SCHEMES GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SECURITIES GRATUITY FUNDS HEALTH SERVICES HOLISTIC APPROACH HOUSING HOUSING FINANCE INCOME INCOME LEVELS INCOME SUPPORT INDIRECT COST INFLATION INFORMAL SECTOR INFORMATION ASYMMETRIES INNOVATION INSURANCE INTEREST RATES INVESTMENT RETURNS LABOR COSTS LABOR FORCE LEGISLATION LIFE EXPECTANCY MANAGERS MANDATORY RETIREMENT MARKET RISK MARKETING MULTIPILLAR SYSTEMS OCCUPATIONAL PENSIONS PARENTS PENSION COSTS PENSION FORMULA PENSION FUND PENSION PLAN PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POVERTY ALLEVIATION PRIVATE SECTOR PRIVATIZATION PROVIDENT FUNDS PUBLIC SECTOR PUBLIC SECTOR COMPENSATION PUBLIC SECTOR EMPLOYMENT PUBLIC SERVICE REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS RISK MANAGEMENT RURAL COMMUNITIES SAFETY SAFETY NETS SAVINGS SAVINGS SCHEMES SECURITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SECURITY TAX TAX INCENTIVES TAX REFORM TAX REVENUE TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY UNEMPLOYMENT WAGES WIDOWS WORKERS |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Review of Superannuation Benefit Programs in Sri Lanka |
| title_short |
Review of Superannuation Benefit Programs in Sri Lanka |
| title_full |
Review of Superannuation Benefit Programs in Sri Lanka |
| title_fullStr |
Review of Superannuation Benefit Programs in Sri Lanka |
| title_full_unstemmed |
Review of Superannuation Benefit Programs in Sri Lanka |
| title_sort |
review of superannuation benefit programs in sri lanka |
| publisher |
Washington, DC |
| publishDate |
2000-05-19 |
| url |
http://documents.worldbank.org/curated/en/2000/05/437180/sri-lanka-review-superannuation-benefit-programs-sri-lanka http://hdl.handle.net/10986/15188 |
| work_keys_str_mv |
AT worldbank reviewofsuperannuationbenefitprogramsinsrilanka |
| _version_ |
1756572925035544576 |