Tk60k per month – PM to announce universal pension plan Saturday | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
June 13, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JUNE 13, 2025
Tk60k per month – PM to announce universal pension plan Saturday

Economy

TBS Report
22 February, 2022, 10:40 pm
Last modified: 23 February, 2022, 02:44 pm

Related News

  • Gratuity, accidental disability facility planned for Universal Pension 
  • Nearly 99% of RMG workers uninterested in Universal Pension Scheme: Survey
  • Govt aims to sweeten Universal Pension with gratuity, health insurance
  • Universal Pension Scheme to continue unchanged: Finance ministry
  • Police arrest Hasina's principal secretary Nojibur Rahman

Tk60k per month – PM to announce universal pension plan Saturday

According to finance ministry officials who are privy to the universal pension plan, any citizen aged at least 18 to maximum 60 will be eligible to open the pension account with the national identity card (NID)

TBS Report
22 February, 2022, 10:40 pm
Last modified: 23 February, 2022, 02:44 pm

If an individual aged 18 or above deposits Tk1,000 per month, the savings will be around Tk5 lakh when they turn 60. But the 60-year-old citizen will be receiving Tk60,000 per month as pension until death, according to the universal pension plan Bangladesh is set to introduce, according to an official.

The finance ministry official said Prime Minister Sheikh Hasina will announce the details of the pension scheme on Saturday next week. Prior to that, Finance Minister AHM Mustafa Kamal will brief the reporters about the plan on Wednesday after the cabinet committee meeting on public purchase.

According to finance ministry officials who are privy to the universal pension plan, any citizen aged at least 18 to maximum 60 will be eligible to open the pension account with the national identity card (NID).   

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

However, public employees and autonomous organisation staff will not qualify for the scheme.  

According to the latest data of the Bangladesh Bureau of Statistics (BBS), the life expectancy of Bangladeshis is 72.8 years.

Ministry officials said a law for the universal pension scheme is being formulated, and it will be ready within one and a half or two months. There will be a pension authority under the law, and the scheme will be launched in the 2022-23 fiscal year.      

There will be no contribution from the state coffer for "solvent citizens" in the scheme. The government will lend support only to people belonging to "marginal classes", according to the officials.       

The government will invest the pension fund in treasury bills, bonds and infrastructural development projects, and pay 10% interest for it.    

On Thursday last week, Senior Finance Secretary Abdur Rauf Talukder placed the universal pension strategy paper before the prime minister. Subsequently, the finance ministry said the prime minister gave various instructions on the strategy document prepared in the light of international experience, context and economic potential of Bangladesh.

The PM asked the Finance Division to take measures promptly for formulating a law in this regard.

Bangladesh / Top News

universal pension scheme / Prime Minister Sheikh Hasina

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BNP Acting Chairperson Tarique Rahman and Chief Adviser  Muhammad Yunus meet at Dorchester Hotel in London, UK on 13 June 2025. Photo: CA Press Wing
    'Historic' meeting between Yunus and Tarique underway at Dorchester hotel in London
  • National Security Adviser Khalilur Rahman met with Amir Khasru Mahmud Chowdhury, a standing committee member of the BNP, at London’s Dorchester Hotel on 13 June 2025. Photo: CA Press Wing
    National Security Adviser Khalilur, BNP's Khasru hold meeting alongside Yunus-Tarique talks in London
  • Rescuers work at the scene of a damaged building in the aftermath of Israeli strikes, in Tehran, Iran, June 13, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
    Tehran retaliates with 100 drones after Israel strikes Iran's nuclear facilities, kills military leaders

MOST VIEWED

  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India Dreamliner crashes into Ahmedabad college hostel, kills over 290
  • File Photo of Chief Adviser Muhammad Yunus: UNB
    Prof Yunus to receive Harmony Award from King Charles today
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Bangladesh mulls settlements with tycoons over offshore wealth: BB governor tells FT
  • Railway seeks Tk2,000cr foreign loans to revive coach assembly, modernise workshops
    Railway seeks Tk2,000cr foreign loans to revive coach assembly, modernise workshops
  • UK Prime Minister Keir Starmer, Chief Adviser Muhammad Yunus
    Disclosure of unconfirmed Yunus-Starmer meeting shows ‘diplomatic imprudence’: Analysts
  • Brother sues Latifur's daughter, widow over alleged forgery to seize control of Transcom
    Brother sues Latifur's daughter, widow over alleged forgery to seize control of Transcom

Related News

  • Gratuity, accidental disability facility planned for Universal Pension 
  • Nearly 99% of RMG workers uninterested in Universal Pension Scheme: Survey
  • Govt aims to sweeten Universal Pension with gratuity, health insurance
  • Universal Pension Scheme to continue unchanged: Finance ministry
  • Police arrest Hasina's principal secretary Nojibur Rahman

Features

Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

1d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

2d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

4d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

6d | Bangladesh

More Videos from TBS

'Historic' meeting between Yunus and Tarique underway in London

'Historic' meeting between Yunus and Tarique underway in London

26m | TBS Today
Iran warns Israel of severe retaliation

Iran warns Israel of severe retaliation

1h | TBS World
Global oil prices soar

Global oil prices soar

2h | TBS World
What did Iran say in response to the Israeli attack?

What did Iran say in response to the Israeli attack?

2h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net