The government presented a comprehensive three-pillar social security reform strategy in January 2026, targeting the modernisation of a system largely unchanged since the 1950s. The first pillar proposes converting the Employees' Provident Fund from its current single-fund structure into a competitive multi-fund superannuation model, giving contributors more choice over how their retirement savings are managed.
The second pillar introduces a jointly funded Unemployment Insurance scheme requiring contributions from both employers and employees to provide temporary income protection for workers who lose employment. The third pillar focuses on extending voluntary social protection coverage to the informal sector, which employs approximately half of Sri Lanka's workforce but currently falls outside all formal safety nets. Government co-contributions would incentivise participation. Labour economists have broadly welcomed the proposals while urging swift legislative action to convert the framework into enforceable reform.
සමාජ ආරක්ෂා සහ EPF ක්රමය නවීකරණය කිරීමට ත්රිපාර්ශ්වික සැලැස්ම ඉදිරිපත් කෙරේ
සටහන: මෙම ලිපිය ඉංග්රීසි භාෂාවෙන් ලියා ඇත. සිංහල පරිවර්තනයක් දැනට ලබා ගත නොහැකිය.
