Must I take you back to March. 2020?

I'm not an expert in epidemiology or disease control. But, 2020 brought all experts from all realms, disciples of knowledge came in aid of our survival. And, proud to say, I did play a role in my own domain, providing protection over finances for the men and women, of my nation.

And we can certainly pledge, upon the lives that we lost, ones who were dear and the ones we didn't know, we need to be more careful than we ever were before.

We are bouncing back.

The new normal is becoming the way forward to us. And it's good.

Sri Lanka has a possible Endemic by the year 2030.

This particular diagram is known as a Population Pyramid. Very straightforward. Depending on the age, how much is the population. And this is 2021.

Going back in time makes this illustration more worthwhile understanding.

Young are more, old are less.

A very Healthy Interpretation of the population.

More people are born, and few are living longer than expected.

It may sound rude, but, bear with me.

Look at 20 years from now.

The "OLD" category is getting dense.

What this means is; most of the Private Sector will be facing the problem of not having a Pension. And the current Provident Funds will be similar to a lottery. And the question is, how disciplined are we as a nation to manage about LKR 12,000,000 at once, when the average urban income earner receives LKR 200,000 a month on an average.

A wedding would cost close to LKR 3,000,000 right now. When will a 5 year old be 25? 20 years from now. To obtain Commercial Pilot License, it will cost at least LKR 10,000,000. So, most of these retirement funds are already booked for certain obligations.

A person retires at 60, and lives until 80 (According to the statistics) that is 20 years without an active income.

If your monthly expenses in another 20 years becomes  LKR 100,000 (Brush of a bit for inflation) that means, you need to have a fund of at least LKR 24,000,000 to live from the capital.

If you assume to have a Fixed Deposit to get the same LKR 100,000. At this moment, you need a capital of LKR 15,000,000 (FD rate at 8% P.A)

If you are 30, to save the latter figure within 30 years, you need to save LKR 41,666.66666666667 every single month.

How many Sri Lankans can do that?

There is a better and an easier and, a more effective way forward, with this matter.

That is to save/invest in a Pension Fund, where you have the options of planning for both the long and the shorter terms for the same benefit.