Universal Pension Scheme to continue unchanged: Finance ministry
Over 3.72 lakh individuals have registered under the Universal Pension Scheme, contributing a total of Tk131 crore, officials said
The Ministry of Finance has decided that the Universal Pension Scheme will continue without any modifications, continuing with the four existing schemes.
However, necessary changes will be implemented to increase public participation in the universal pension programme, as per the decision of a board meeting at the ministry today (14 October), attended by Finance Adviser Dr Salehuddin Ahmed.
Changes to regulations will likely bring improvements in benefits along with several policy decisions.
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During the meeting, officials shared that over 3.72 lakh individuals have registered under the Universal Pension Scheme, contributing a total of Tk131 crore.
Of this amount, approximately Tk125 crore has been invested in government treasury bonds. The profits from these investments, calculated up to 30 June of this year, will be distributed to beneficiaries this month.
Beneficiaries can view their deposits and earn profits by accessing their accounts, though withdrawals remain restricted under the scheme.
The Universal Pension Scheme, introduced on 17 August last year, aims to provide a well-organised social security system.
It initially launched with four key schemes — Probash, Progoti, Surakkha, and Samata — targeting different segments of the population.
