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  1. Sri Lanka’s Social Security System: Pillars of Protection in Times of Change

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    Sri Lanka’s social security system stands as a testament to the nation’s commitment to protecting its citizens through various life stages and economic uncertainties. As the country navigates through economic challenges and social transformations, understanding the intricate web of social protection mechanisms becomes increasingly crucial for both policymakers and citizens alike. Historical Foundation and Evolution The roots of Sri Lanka’s social security framework can be traced back to the post-independence era, with significant developments occurring throughout the latter half of the 20th century. The system has evolved from basic welfare provisions to a more comprehensive network designed to address diverse socioeconomic needs of the population. The cornerstone of formal sector social security was laid with the establishment of the Employees’ Provident Fund (EPF) in 1958 through Act No. 15, marking the beginning of systematic retirement savings for private sector employees. This was followed by various other initiatives aimed at extending...
  2. Ethiopia’s Pension System: History, Schemes, and Digital Transformation

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    Ethiopia’s pension system has evolved significantly over the past century. From humble beginnings—where land grants were bestowed upon those serving the government—to a modern, multifaceted statutory framework, the country’s pension infrastructure now spans both public and private sectors. This blog will explore the historical background, examine the current pension schemes, detail the contribution and replacement rates, explain the survivor benefits, and finally, illustrate how digital solutions such as Interact SSAS are transforming pension administration in Ethiopia. Historical Background of Ethiopia’s Pension Scheme Early Beginnings: Land Grants and Pre-Statutory Benefits Ethiopia’s journey toward a formal pension system can be traced back to the consolidation of the central government in the last quarter of the nineteenth century. During this period, individuals who served in the government army and offices were rewarded with land grants. This practice, designed to provide post-service security, continued well into the early 1950s. These land grants were a...

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