Sri Lanka has ratified 40 Conventions in accordance with ILO Constitution . Sri Lanka is the first country in the world which implemented the National Decent Work Action Plan in accordance with the ILO Principles .
The country has an extensive social security system to provide for payment of pension benefits to employees in the public sector and superannuation benefits for the private sector employees . Understanding the vulnerability of the informal sector workers, the Government has taken several initiatives to protect their rights . Two regulatory bodies have been put in place to provide retirement benefits to farmers, fishermen and self-employed workers in the informal sector.
