Govt to introduce `universal pension’ from next fiscal

ZOOMBANGLA DESK: Finance Minister AHM Mustafa Kamal today said that the government has decided to introduce a universal pension system from the next fiscal year.

“In the 2008 election manifesto, Prime Minister Sheikh Hasina promised to introduce a universal pension scheme nationally to ensure old-age protection for the elderly citizens under a sustainable and well-organised social security framework,” he said.

The minister said this while placing the proposed national budget for FY23 at Jatiya Sangsad.

Kamal said accordingly, the government, in its 2015 ‘National Social Security Strategy’, proposed the creation of a comprehensive, integrated and participatory pension scheme.

“In my budget speech for FY2019-2020, I outlined the establishment of the universal pension scheme. Now, I am very glad to announce that the government has decided to introduce a universal pension system from the next fiscal year,” he added.