The universal pension would be out of reach of the extremely poor, such as day labourers, due to their inability to make contributions.

The Federation of Bangladesh University Teachers' Association (FBUTA) said the scheduled meeting with Awami League General Secretary Obaidul Quader today to discuss the teachers' ongoing work abstention has been cancelled

A pension scheme in which the employee and employer make equal contributions is welcome in this economy, but it has to apply to all, be they public university teachers, bureaucrats or other government employees, economists say.

For the third consecutive day, there was no academic activity, including classes and exams, at Dhaka University today as the teachers have been observing work abstention to further their demand of reinstating previous pension facilities in place of the Universal Pension Scheme

Teachers, officials and staffers of public universities abstained from work for the second straight day yesterday over pension benefits, dragging on the stalemate in the activities of the higher educational institutions.

Teachers went on an indefinite strike over pension benefits yesterday, paralysing public universities across the country.

Action taken to press home demand to reinstate previous pension facilities

Public university teachers across the country will go on an indefinite work abstention from tomorrow as the government has not heeded their demand to reinstate previous pension facilities in place of the Universal Pension Scheme

Bangladesh has about 15 million people aged 60 and above; by 2050, this number will have more than doubled to 36 million.

Private sector employers have to contribute 50 percent of their employees’ monthly instalments under the universal pension scheme, said a gazette from the finance ministry yesterday.

Govt must ensure efficient realisation of the UPS

Authorities imposed restrictions on Friday on gatherings in a satellite city of India's capital that is home to offices of several multinational firms, and one person was killed as protests against a new military recruitment process spread.

Prime Minister Sheikh Hasina has given instruction to the Finance Division to enact a law -- on an emergency basis -- for introducing pension for all citizens of the country.

The government has decided to establish a Pension Fund Management Authority to manage government employees’ pension fund effectively.