Pension scheme for fishermen to be revived | Daily News


Pension scheme for fishermen to be revived

The Fisheries and Aquatic Resources Development Ministry plans to re-introduce the pension scheme for fishermen.

A discussion in this regard was held recently at the Ministry under the patronage of Fisheries and Aquatic Resources Development Minister Douglas Devananda with the participation of senior officials of the Department of Pensions.

The pros and cons of such a pension scheme had been discussed and the Minister requested the Pensions Department officials to prepare a comprehensive report on the matter.

At this discussion, Minister Devananda stressed the importance of motivating those engaged in the fishing industry in order to accelerate development of the industry.

According to the statistics of the Ministry, some 69,000 fishermen benefitted from the fishermen’s pension scheme introduced in 1990, but later it was decided not to enroll new beneficiaries in this pension scheme. Currently 4,860 fishermen receive pensions.

The Minister pledged to take necessary measures to restructure the entire fishermen’s pension scheme and enroll new beneficiaries.

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