In Sri Lanka, a key form of support for older citizens is the Elder's Allowance, which serves as a vital component of the social safety net for seniors. While not a universal "pension" for all retirees, this allowance specifically targets vulnerable elders.
The Elder's Allowance: A Direct Support Mechanism
The Elder's Allowance is designed to provide financial assistance to senior citizens who meet specific criteria, ensuring they have some means of income in their later years.
Key Details of the Elder's Allowance:
| Aspect | Details |
|---|---|
| Eligibility | Individuals aged above 70 years old |
| Must have no other means of income | |
| Benefit | Approximately US$ 11 per month |
This allowance plays a crucial role in supporting the economic well-being of elderly individuals who lack alternative financial resources.
Broader Social Safety Nets for Seniors
Beyond the Elder's Allowance, Sri Lanka also employs other public assistance programs that cater to older people, contributing to a more comprehensive social security framework. These include:
- Samurdhi Scheme: This is a national poverty alleviation program that also extends its benefits to a segment of the older population, providing financial aid and support for livelihoods.
- Public Assistance Schemes: Various other government-funded public assistance programs are in place to cover different aspects of welfare for older citizens, ensuring a broader reach of support for those in need.
These combined efforts aim to provide a foundational level of support for Sri Lanka's aging population, particularly those who are economically vulnerable.
