Pension Board eyes insurance, Islamic scheme in new plan

The Board of Directors of the National Pension Authority on Monday directed officials to quickly prepare a concept paper, based on actuarial analysis, to evaluate the feasibility of adding an insurance benefit to the Universal Pension Scheme. The decision came at the board’s third meeting, held in the finance adviser’s conference room at the Bangladesh Secretariat and chaired by Finance and Science and Technology Adviser Salehuddin Ahmed.

As of June 30, 2025, a total of 373,987 contributors had deposited Tk187.97 crore, and the scheme reported a profit of Tk16.33 crore in fiscal year 2025, with a top return rate of 11.61 percent. The board approved distributing profits among contributors based on their investment periods and increased the maximum monthly contribution for the Surakkha Scheme from Tk5,000 to Tk15,000. Outsourced service workers can now enroll in the Progoti Scheme with a reduced minimum monthly contribution of Tk500. The board also discussed introducing an Islamic version of the pension scheme and highlighted the need to review international best practices to support this initiative.
 

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