The government has decided to scrap the newly-launched "Prottoy Scheme" for employees of universities, self-governed, autonomous, state-owned, statutory, and similar organisations, according to a press release from the Ministry of Finance.

Prime Minister Sheikh Hasina launched the Universal Pension Scheme on August 17, 2023, under the Universal Pension Management Act, 2023, to provide a sustainable pension system for people from all walks of life.