BSS
  08 Feb 2024, 18:29
Update : 08 Feb 2024, 18:41

BB asks banks to adopt Universal Pension Scheme 

DHAKA, Feb 8, 2024 (BSS) - Bangladesh Bank (BB) asked banks to take measures 
for encouraging their officials and employees to adopt the government's 
Universal Pension Scheme. 

The instruction excludes the employees working at government-owned commercial 
and specialised banks, as per a press release issued today. 

Currently, the employees of government, semi-government or autonomous 
organisations receive pension benefits from the state.

Launched in August last year, the scheme aims at bringing the growing elderly 
population of the country under a well-organised social safety net and 
providing them with a monthly stipend so that they can meet expenses.

All citizens aged between 18 and 50 years, including expatriate Bangladeshis, 
are eligible.