Universal Pension Scheme: Around 13,000 registered in first month
The National Pension Authority (NPA) termed it 'a good response'
Some 12,970 people have registered to join the universal pension scheme as of Sunday (17 September), just a month since the programme was launched on 17 August.
The National Pension Authority (NPA) termed it 'a good response' and emphasised on further publicity to reach more people in both rural and urban areas.
Golam Mustafa, additional secretary of the Ministry of Finance and member of the NPA, said people got enlisted for the scheme of their own accord, which is a very positive side of the scheme.
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He also said people are taking time to understand the matter before depositing money.
In reply to a query, Mustafa said there is no possibility of harassment to get back the pension benefit after the maturity of the programmes, as everything is happening digitally with no scope for direct human intervention.
The government has launched the universal pension scheme with four sub-schemes named Probash, Pragati, Surokkha, and Samata.
According to the pension rules, in the universal pension system, the more money one puts in as deposit, the greater the pension they will be able to draw at the end of the term.
On the other hand, this initiative will not deprive low-income people. For the lower-income people, who will deposit Tk500 monthly, there will be another Tk500 subsidy from the government in the beginning.
In all the schemes, there is an additional multifold profit for everyone at the end of the specified period.
