Universal Pension Scheme (UPS) is an opportune and pro-people move of the government looking to ensure inclusive and sustainable social safety net for the greater socio-economic development. The move will create a new era in the economic history of Bangladesh.

Business leaders and experts have lauded one of the four packages of a universal pension scheme (UPS) meant for employees of private companies, saying it would enhance post-retirement financial security and benefit employers too. 

While a public pension scheme is crucial, discrepancies persist within the government's new pension framework.

People interested to register for the scheme can do it by visiting www.upension.gov.bd

The government rolled out the much-anticipated universal pension scheme today with an aim to bring all citizens aged above 18 under the coverage. Here are some of the key issues regarding the pension scheme.

Prime Minister Sheikh Hasina today rolled out the much-anticipated Universal Pension Scheme aiming to bring the country's all citizens aged above 18 under the coverage

The National Pension Authority (NPA) is planning to invest the premium of the subscribers of the Universal Pension Scheme in treasury bills, financially sound commercial banks and lucrative infrastructure.

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.

The government plans to roll out the universal pension scheme in the coming fiscal year.

The constitutional body will have an executive chairman and four members

Bangladesh made a major step towards a universal pension scheme when parliament passed the Universal Pension Management Bill-2022 on January 24 with a view to bringing the country’s growing elderly population under a social security system.

A bill was placed in the Jatiya Sangsad yesterday, aiming to include citizens aged between 18 and 50 in a pension scheme.

The country’s people aged 18 to 50 years would be eligible for the universal pension scheme, to be introduced by the government after becoming 60 years old.

The Bangladesh government recently announced a move to roll out a pension plan, initially named the Universal Pension Scheme (UPS), during the 2022-23 fiscal year.

The government is set to launch a retirement fund for Bangladeshi citizens aged 18-50 years. Khondoker Md Shoyeb explains the nitty-gritty of the matter at today's Star Explains.