Sri Lanka, Jan. 21 -- The Department of Fisheries and Aquatic Resources, in collaboration with the Agricultural and Agrarian Insurance Board (AAIB), has introduced a new high-pension benefit scheme aimed at enhancing financial security for fishermen.
The AAIB said the Fishermen's Pension Scheme offers flexibility, allowing contributors to select monthly pension amounts based on their financial capacity and personal preference. After the age of 60, participants can choose contributions of Rs. 5,000, Rs. 10,000, Rs. 15,000, Rs. 20,000, Rs. 25,000 or more.
A key feature of the scheme is its progressive pension structure. For example, a fisherman contributing Rs. 1,000 per month will receive Rs. 1,250 between ages 64 and 70, Rs. 2,000 betw...