Promise Tracker

Contributory Pension Fund

Budget Speech para. 323: "With the changes in the demographics, we must seriously look into the pension schemes in the country. Honourable Speaker, as I have said before, the government's unfunded pension scheme is a time bomb waiting to explode. As spelt out in the 2016 budget we took clear steps to initiate a contributory pension scheme which is now in effect for which I propose to allocate Rs. 1,000 million. Contrary to popular belief, this is not the government trying to abscond its responsibilities; instead this is the work of a responsible government"
  • Allocation (Rs. Mn)1,000
  • SectorSocial Welfare
  • Ministry / Government Institution : Ministry of Public Administration and Management

Openness Tracker


The Department of National Budget provided information on the progress of the scheme.

Progress Tracker


Steps are being taken to draft a new Public Pension Act in order to facilitate legal provisions to create the Contributory Pension Fund.

Sources of Information

  • Budget Tracker - Website RTI