Review of Superannuation Benefit System in Sri Lanka.

Abstract

The main thing of the study to analyzes the public service pension scheme and provident fund Scheme presently available in Sri Lanka. This system has certain weakness such as the present strategies of the superannuation benefits providers in Sri Lanka are not conducive to achieve their organization objectives and the government also is not in a position to fulfill the entire social responsibilities. Therefore, the researcher has given the suggestion to adopt realistic strategies such as considered the inflation rate allowance and cost of living time to time to achieve superannuation benefit.