Finance Minister AHM Mustafa Kamal said a pension authority will be established very soon and will be activated through appointment of necessary manpower.
He said, "I pledged to introduce a universal pension system in the budget speech for FY2022-23 following our election manifesto. That work has progressed substantially."
The minister said this while placing over Tk 7.61 lakh crore proposed national budget for FY23-24 at Jatiya Sangsad.
Kamal said the 'Universal Pension Management Act, 2023' has already been passed by the Parliament.
"I hope, it will be possible to roll out the scheme from FY2023-24. Under the proposed scheme, a beneficiary can enjoy pension benefits subject to the payment of subscription up to the age of 60 years if s/he enrolls at the age between 18 to 50 years, whereas those who enroll at their age of more than 50 years have to pay subscription for a minimum of 10 years," he added.
He said the expatriate Bangladeshi will be able to participate in this scheme.
Bd-pratidin English/Golam Rosul
