Organisation : Sri Lanka Social Security Board (SSB)
Facility Name : Surekuma Pension Scheme
Applicable For : All those who are in the ages of 18 to 59 years
Applicable Country : Sri Lanka
Website : https://ssb.gov.lk/?page_id=14
What is SSB Surekuma Pension Scheme?
“Surekuma” Scheme is implemented to provide the high and a safeguarded monthly pension payment to all those who are in the ages of 18 to 59 years, and are not entitled to a government pension. It is possible to make a pension of any amount according to their needs and ability to make contributions. By members who opt to become members of this Pension Scheme.
Related / Similar Scheme : SSB Arassawa Pension Scheme Sri Lanka
Benefits of SSB Surekuma Pension Scheme
Pension:
An agreed lifetime monthly pension is paid to a member, who is over 60 years of age and whose deed becomes mature. When the member paid his all premiums in proper manner, the member will be obtained 100% pension. At the maturity of the account, if the net account balance is between 75% and 100% of the pension, the pensioner is entitled to a correspondently adjusted pension.
Pension to the spouse:
At the demise of the contributory member before reaching to the age of 80 years and if the spouse is alive he/she is entitled to the pension up to the age of 80 years of the pensioner if he was alive or up to the demise of the spouse, whichever occurs first
Permanent and partially disability:
In case a member becomes permanent and partial disabled as a result of an accident or disease as follows
** Loss of sight in one eye
** Loss of one hand or permanent disability of one hand or
** Loss of one leg, or permanent disability of one leg , is considered a permanent disability.
Benefit:
If a contributory member becomes permanent and partially disabled he is entitled to a lump sum payment of disability gratuity from Rs. 6000/- to Rs. 25,000/- and if he pays the relevant premiums continuously he is entitled to a lifetime pension when he reaches to the pensionable age. If he leaves from the scheme, following the receipt of gratuity, the net amount of contribution in his account would be paid with the gratuity.
Permanently Incapacitated Persons:
In case a member becomes permanent and partial disabled as a result of an accident or disease as follows
** Loss of hands or permanent disability of both hands
** Loss of both legs or permanent disability of both legs
** Loss of sight in both eyes
** Loss of one hand or permanently disabled and loss of one leg or permanently disabled
** Loss of one hand or leg or loss of sight of one eye, or permanent disability of one leg or hand, or loss of sight of one eye
** In case of complete paralysis below the neck, the contributor should be considered permanently disabled
Benefit:
If a contributory member becomes permanently incapacitated as per his desire he can be obtained a lump sum gratuity from 12,000.00 to 50,000.00 monthly lifetime pension from the date he became disabled. If he leaves from the scheme, following the receipt of gratuity, the net amount of contribution in his account would be paid with the gratuity
Here are some additional things to keep in mind when applying for the SSB Surekuma Pension Scheme:
** You must be between the ages of 18 and 59 to apply.
** There is no minimum income requirement to join the scheme.
** Your monthly contributions must be at least Rs. 100.
** You can choose to receive your pension payments monthly, quarterly, or annually.
** The SSB Surekuma Pension Scheme is a voluntary scheme, so you can cancel your membership at any time. However, you will not be able to get a refund of your contributions.