BB asks banks to adopt Universal Pension Scheme
BI Desk || BusinessInsider
Bangladesh Bank (BB) asked banks to take measures to encourage their officials and employees to adopt the government's Universal Pension Scheme.
The instruction excludes the employees working at government-owned commercial and specialised banks, as per a press release issued on Thursday, reports BSS.
Currently, the employees of government, semi-government or autonomous organisations receive pension benefits from the state.
Launched in August last year, the scheme aims at bringing the growing elderly population of the country under a well-organised social safety net and providing them with a monthly stipend so that they can meet expenses.
All citizens aged between 18 and 50 years, including expatriate Bangladeshis, are eligible.