The UPS currently offers four schemes for citizens aged 18 and above: Probash, Progoti, Surakkha, and Samata.

Bangladesh can adopt lessons from some of the best global examples and strengthen its UPS to avoid the loopholes in the current models.

The government has decided to scrap the newly-launched "Prottoy Scheme" for employees of universities, self-governed, autonomous, state-owned, statutory, and similar organisations, according to a press release from the Ministry of Finance

The government has published rules stating where and how pension funds will be invested so that the National Pension Authority (NPA) can produce better returns at lower risks, a move that will ease its repayment burden.

The new universal pension scheme has not proven to be universal and respectable for all

Government officials recruited after July 1 next year will be incorporated in the universal pension scheme, instead of the conventional post-retirement pension benefits.

A section of Dhaka University teachers is observing a two-hour work abstention today demanding reinstatement of the previous pension facilities instead of the newly introduced universal pension scheme

The government has introduced a new product under the Universal Pension Scheme (UPS), allowing the existing employees of state enterprises, autonomous bodies and their affiliated organisations to help them avail pension benefits monthly

All employees who will join self-regulated, autonomous, state-run, statutory organisations or their affiliated companies on July 1 and later will automatically come under the Universal Pension Scheme

It also gives go-ahead to no tax on claims upon maturity