Sri Lanka, Nov. 19 -- The government has announced plans to introduce a new Fisherman's Pension Scheme, effective from December 21, 2025.

All necessary arrangements have been completed to launch the scheme, which will be implemented by the Agricultural and Agrarian Insurance Board.

Under the new pension scheme, beneficiaries will be eligible to receive pensions upon reaching the age of 60 years.

A notable feature of the scheme is that, in the event the beneficiary passes away while receiving the pension, the partner will be entitled to continue receiving the pension.

Furthermore, the pension amount will increase periodically after 60 years.

In the event where a contributor is unable to pay the full contribution for any reason and the...