August 2023

Bangladesh enters the era of universal pension

Bangladesh has launched a universal pension scheme to bring four types of citizens under a sustainable and organised social security system. “From now on, professionals from every economic stratum will receive pensions, which will eliminate social disparity,” said Prime Minister Sheikh Hasina, as she inaugurated the scheme on Thursday. Anyone aged over 18 years and not holding a government job will be eligible for the pension plan by paying a regular premium. Expatriates can also avail themselves of the service. The...

February 2023

Trade Unions In Bangladesh Win Universal Pensions

The ITUC welcomes a new law passed in the Bangladesh parliament which establishes a framework for universal pensions. This new law represents a breakthrough following intensive advocacy from trade unions, as well as civil society groups, within the Bangladesh Social Protection Advocacy Network (BSPAN) to extend social protection in the country. The new law will provide, for the first time, the possibility for all Bangladeshi workers to benefit from income security in retirement. Previously, the pension system in Bangladesh was...