What the scheme is Sri Lanka’s Public Service Pension Scheme (PSPS) covers permanent central-government employees who complete the qualifying service and retire under the stipulated rules. It is defined-benefit and pay-as-you-go: benefits are set by regulation and paid from current revenues rather than from an invested fund. Separate regulations govern teachers, police, and the armed … Continue reading Sri Lanka’s Public Service Pension: How It Works, Where It Came From, and What Comes Next