The interim government plans to strengthen the universal pension scheme (UPS) with the aim of bringing people from all walks of life under a sustainable social security framework.
The universal pension would be out of reach of the extremely poor, such as day labourers, due to their inability to make contributions.
The scheme is not 'universal' as it does not encompass government officials.
The goal of the universal pension scheme is to bring all the citizens of Bangladesh under its coverage.
Why should we feel embarrassed for wanting a secure financial future?
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Of the total deposits of Tk 86.68 crore, Tk 62 crore has been invested at treasury bonds
All government officials who will be recruited after July 1 next year will be incorporated in the universal pension scheme
Universal Pension Scheme (UPS) is an opportune and pro-people move of the government looking to ensure inclusive and sustainable social safety net for the greater socio-economic development. The move will create a new era in the economic history of Bangladesh.
Business leaders and experts have lauded one of the four packages of a universal pension scheme (UPS) meant for employees of private companies, saying it would enhance post-retirement financial security and benefit employers too.
While a public pension scheme is crucial, discrepancies persist within the government's new pension framework.
People interested to register for the scheme can do it by visiting www.upension.gov.bd
The government rolled out the much-anticipated universal pension scheme today with an aim to bring all citizens aged above 18 under the coverage. Here are some of the key issues regarding the pension scheme.
Prime Minister Sheikh Hasina today rolled out the much-anticipated Universal Pension Scheme aiming to bring the country's all citizens aged above 18 under the coverage
The National Pension Authority (NPA) is planning to invest the premium of the subscribers of the Universal Pension Scheme in treasury bills, financially sound commercial banks and lucrative infrastructure.
Private sector employers have to contribute 50 percent of their employees’ monthly instalments under the universal pension scheme, said a gazette from the finance ministry yesterday.
The government plans to roll out the universal pension scheme in the coming fiscal year.
The constitutional body will have an executive chairman and four members