Ministry of Foreign Employment Promotion and Welfare
Ministry of Social Services and Social Welfare
♦ If the contributor makes his/her contributions continuously for 10 years and pays the
You being in the forefront of the Nation’s economy proceed overseas seeking a greener pasture isolating yourself from your loved ones, friends and relations with a mind full of expectations. From there you remit your entire earnings to fulfill your household requirements. However have you ever given even a shred of thought as to how you are would manage your retired life?
Do you realize that you should have a definite plan for the welfare and security of your future?
If you can set aside a small amount of money out of your hard earned money and invest it for your own benefit you can be assured of a carefree life in your old age.
The objective of the “Sesetha” Pension Scheme implemented by the Sri Lanka Foreign Employment
Bureau (Ministry of Foreign Employment
Promotion and Welfare) and Sri Lanka Social
Security Board (Ministry of Social Services and
Social Welfare) is to help you, over come this situation and to provide you with a substantial financial security.
Eligibility to become a Contributor to the
Scheme:
 aged between 18-59 years
 be engaged in a foreign employment
 be a person not entitled to any other pension from the government
 be a person who is not a contributor to the
Farmer’s and Fishermen’s Pension Scheme.
Benefits
♦ monthly pension for life from the age of 60 years
♦ in the event of the death of the contributor before completing 80 years of age as a pensioner-
- the surviving spouse is entitled to a monthly pension for the remaining period upto the time when the contributor would complete
80 years of age
- if the spouse is not alive, the heirs of the contributor are entitled to a lump sum payment of gratuity equal to the amount remaining deposited in the name of the contributor .
♦ where the contributor suffers permanent partial disablement a bonus corresponding to the age and/or a monthly pension from the age of 60 for lifetime.
♦ Where the contributor suffers permanent total disablement net contribution bonus together with interest or monthly payment of total disablement benefits from the time the contributor suffers total permanent disablement for lifetime.
♦ In the event of the death of the contributor before receiving his pension a lump sum gratuity to his/her dependents
Additional benefits –(D) “Ran Pesa” Scheme
♦ After making contributions continuously for 5 years, and paying the installments without any default the contributor shall be entitled to an interest free festival advance of Rs.1,000/- per year.

installment without default he/she shall be entitled to a loan upto a maximum of
Rs.100,000/- at concessionary rate of interest subject to the terms and conditions of the Board.
Additional benefits –(E) “Ran Vinimaya”
Scheme
♦ Contributors who make their contributions continuously for 5 years shall be entitled to an interest free festival advance of Rs.1,000 per year.
♦ If a contributor makes his/her contributions continuously for 10 years shall be entitled to a loan upto a maximum of Rs.50,000/- at concessionary interest rate subject to the terms and conditions of the Board.
Additional benefits –(E) “Ran Mehewara”
Scheme
♦ A loan could be obtained after 5 years at concessionary interest rate.
♦ A loan could be obtained for educational purposes at concessionary interest rates.
Installments as your prefer
1. Monthly.
2. A fixed lump sum within the year in 12 installments.
3. a fixed lump sum or
- 5 annual installment in 05 years
- 10 annual installment in 10 years
- 15 annual installment in 15 years
- 20 annual installment in 20 years
- 25 annual installment in 25 years through the nearest branch.
Payments can be made through-
- Peoples Bank, Nugegoda Branch
Sri Lanka Social Security Board A/C No.
174100140350212
- Bank of Ceylon, Nugegoda Branch
Sri Lanka Social Security Board A/C No.
228073.
- National Savings Bank, Nawala Branch, Sri
Lanka Social Security Board A/C No.
10111-01-07557 or
♦ Annual bonus.
♦ In the event of the death of a Contributor while receiving the pension a sum equivalent to 5 times the amount of pension or a death donation upto to a maximum of Rs.25,000/- shall be paid to the dependents.
-
-
♦
People’s Bank Nugegoda Branch Non-
Residents’ A/c No. 174402140350212 USD
Important information for Contributors a Policy with a guarantee by the government shall be issued to every contributor.
♦ If the contributor secures a pensionable employment in the government sector after becoming a contributor to the Scheme, by withdrawing from the membership in the
Scheme he/she shall be entitled to a refund of the nett contribution made together with the relevant interest earned thereon.
♦ If it is not possible to pay the installments on the due date a 30 days grace period will be allowed for making the payment.
For inquiries-
General Manager
Sri Lanka Foreign Employment Bureau
No. 234, Denzil Kobbekaduwa Mawatha,
Koswatte, Battaramulla.
011-2864117
011-2864101-105
General Manager
Sri Lanka Social Security Board,
First Floor, L.H.P. Building,
No. 150A, Nawala Road,
Nugegoda.
011-2823667/2823669
011-2823614/2852958
A Government Guaranteed Monthly Pension for you as a Reward for your Fruitful Contribution towards the Nation’s Economy