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

Thursday
June 12, 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
THURSDAY, JUNE 12, 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

  • Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28
    Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28
  • UK Secretary of State for Business and Trade and President of the Board of Trade Jonathan Reynolds meets Chief Adviser Muhammad Yunus on 11 June 2025. Photo: UNB
    UK reaffirms support for Bangladesh's initiatives to recover siphoned off money
  • File Photo of Chief Adviser Muhammad Yunus: UNB
    Prof Yunus to receive Harmony Award from King Charles today

MOST VIEWED

  • File photo of ex-prime minister Sheikh Hasina and her son Sajeeb Wazed Joy. Photo: Collected
    Joy spends Eid with Hasina in India: Indian media
  • Infofgraphics: TBS
    DGHS issues 11-point directive to prevent spread of Covid-19 in Bangladesh
  • Saifuzzaman Chowdhury. Photo: Collected
    UK crime agency now freezes assets of ex-land minister Saifuzzaman: AJ
  • File photo of BNP Standing Committee Member Amir Khasru Mahmud Chowdhury. Photo: Collected
    Khasru flies to London ahead of Yunus-Tarique meeting
  • Chief Adviser Muhammad Yunus speaks at the Chatham House in London on 11 June 2025. Photo: CA Press Wing
    No desire to be part of next elected govt: CA Yunus
  • Illustration: Khandaker Abidur Rahman/TBS
    Three hospitals ‘held hostage’ as discharged July uprising injured keep occupying beds

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

17h | Panorama
Illustration: Duniya Jahan/ TBS

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

1d | 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

3d | 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

4d | Bangladesh

More Videos from TBS

Why is Omicron XBB more contagious?

Why is Omicron XBB more contagious?

13h | TBS Stories
What did Dr. Yunus say at the Chatham House Dialogue in London?

What did Dr. Yunus say at the Chatham House Dialogue in London?

14h | TBS Today
News of The Day, 11 JUNE 2025

News of The Day, 11 JUNE 2025

15h | TBS News of the day
WB predicts worst decade for global growth since 60s

WB predicts worst decade for global growth since 60s

17h | TBS Stories
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