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Sri Lanka’s Foreign Employment Bureau say its will set up a migrant pension scheme by April 2006. “The migrant pension scheme will be finalised in three months time,” said Chairman, Foreign Employment Bureau, Jagath Wellawatta in an interview on Tuesday.
“Over the next three months we will decide on the structure and size of the fund and contribution component by migrant workers. The Bureau is also thinking of contributing,” said Wellawatta.
Industry watchers say the migrant worker pension scheme is part of the 2006 Mahinda Chintana Budget, but the idea is not new.
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Previous good intentions never solidified due to various reasons including reluctance by workers themselves to contribute to the scheme.
The Foreign Employment Bureau estimates that over 1.5 million Sri Lankan’s are currently working abroad on contract terms.
The Bureau has no statistics on the number of Sri Lankans permanently living and working abroad and estimates for illegal immigrants.
Last year, the Bureau says