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Sri Lanka's Private Sector with no pensions but Funding pensions to retired Govt Servants

Sri Lanka EPF running out of cash as workers age: legislator: "Unlike in countries like Singapore where everyone is treated equally, in Sri Lanka only private sector workers contribute to a fund.

Sri Lanka's private sector workers not only have to support their own retirement but that of state workers and the elected ruling class and close associates as well, a lifetime pension from tax collections.

A legislator, and close associates gets a pension after 5 years in the style, under a law passed by the legislators themselves. Some legislators appoint their wives and family members as a secretary to get the pension.

Ordinary state workers who do not belong to the elected ruling class and their close associates have to work close to three decades to get a full pension.
Sri Lanka's Private Sector with no pensions but Funding pensions to retired Govt ServantsSocialTwist Tell-a-Friend

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