‘Universal pension authority’ to be formed soon
A universal pension authority will be formed soon for gradual introduction of formal pension benefits for everyone. Finance minister A.H.M Mustafa Kamal said in budget speech Thursday afternoon.
In Bangladesh, all Government employees and a few formal private sector employees only enjoying structured pension facilities, which is a small portion of the employed population. The government now trying to widen the benefits for maximum of them.
In budget speech, the finance minister also declared steps to reform the public servant's group insurance system with the help of state-owned Jiban Bima Corporation.
