Dhaka      Wednesday, 15 May, 2024
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Bangladesh to start universal pension scheme

IMG
21 August 2023, 3:57 PM

Business Desk, Bangladesh Global: The government is set to introduce on Thursday four schemes under the universal pension scheme without disclosing the fund management plans that, according to economists, have exposed the hurriedness and weakness of the overall programme.

Golam Mostafa, acting member secretary of the pension scheme authority, told New Age on Tuesday that the fund management plan was underway.


‘It will be made public soon,’ he said, stating that the government would bear the overhead cost of the fund authority while contributions from the subscribers would be invested as per plans.

He said that they would continue to troubleshoot since they were going to begin the schemes experimentally.


The schemes are Probash, Pragati, Surokkha and Samata which will be available for monthly subscription fees of Tk 1,000–10,000 for citizens aged between 10 and 42 years.

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