The period in-between government has determined to abet the Standard Pension Map (UPS) in negate till a brand contemporary system is offered, according to the Ministry of Finance.
The chance follows a gathering chaired by Finance Adviser Salehuddin Ahmed on Monday, where the contemporary negate of the pension plan became once totally reviewed.
“The Standard Pension Map will proceed because it’s for now, essentially essentially essentially based on the adviser’s approval,” said Finance Secretary Khairuzzaman Majumdar, confirming the effects of the meeting with UNB.
The plan, which became once launched final one year, goals to construct a sustainable social safety framework for the total inhabitants.
Golam Mostafa, a member of the Standard Pension authority, added that all over the meeting, discussions covered the four existing schemes under the united statesProbash, Progoti, Surakkha, and Samata—and their operations.
“We’ve briefed the finance adviser on our activities as a lot as now. Per that, he has determined to preserve the contemporary structure till further peep,” Mostafa said.
He also principal that the continuing operations would persist till a brand contemporary plan is announced. Concerning investments fabricated from pension contributions, Mostafa published that a total of Tk116.69 crore has been invested fully in government treasury bonds.
The uswas offered to bring folks from all walks of life under a comprehensive social safety system. Dilapidated High Minister Sheikh Hasina inaugurated the plan on August 17, 2023, and registrations began shortly afterwards.
Before all the pieces, the then government launched four schemes—Probash (for expatriate Bangladeshis), Progoti, Surakkha, and Samata. A fifth plan, Prottoy, became once later offered for personnel of independent and semi-independent bodies, nonetheless it became once later scrapped following protests by lecturers.
As of now, 372,094 folks dangle registered for the UPS, contributing a total of Tk123.56 crore. Out of this, Tk116.69 crore has been invested in government treasury bonds. Notably, a vital allotment of the registrations, about 77%, has approach from low-earnings folks who’re segment of the Samata plan, which targets these earning no longer as a lot as Tk60,000 yearly.
On the other hand, the tempo of most modern registrations has slowed for the reason that fall of the Awami League government following student protests.
A excessive-ranking decent from the Ministry of Finance attributed this decline to the political instability surrounding the federal government’s fall. “It’s pure that the registration process slowed all over the upheaval,” the decent said.
The ministry officials deem that once the period in-between government expands its operations and begins promoting the Standard Pension Map, registration numbers will elevate all all over again.
