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In the manifesto published by the Awami League for the 2008 general elections, the party promised to formulate a pension system for all classes of citizens. [1] On 30 June 2016, while presenting the budget plan for the fiscal year 2016-2017, Abul Maal Abdul Muhith, the then finance minister, expressed his interest in introducing a pension scheme for private sector employees and revamping the ...
The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.
Voluntary private collective pension provision; Voluntary private individual pension provision Georgia: Basic pension: N/A: N/A: N/A Germany: Social assistance: Social insurance system: Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A: N/A Hungary: Social assistance: Private ...
Non government teachers contribute six percent of their salaries to the trust for a retirement fund that will be available to them after retirement and with additional funding from the government of Bangladesh. In April 2019, the government increased it to ten percent which was protested by the Bangladesh Shikkhak Union, a teachers union. [8 ...
Bangladesh Institute of Bank Management was established in 1974 to train officials of banks and financial institutions of Bangladesh. Since then, BIBM has extended its scope to include providing Masters in Bank Management (MBM) and Evening MBM (EMBM) degrees, carrying out research in banking and finance, holding seminars and round table discussions, and aiding financial institutions in their ...
Bangladesh Shikkhak Union, a teachers union, protested the government order to increase the contribution to the pension fund from six percent of their salary to ten percent in 2019. [4] This move was protested by another union of teachers called National Front of Teachers and Employees when it was first proposed in 2017. [ 5 ]
The department sells saving certificates to the general public. The government pays interest on the saving certificate and they are considered government liabilities. Investors prefer saving certificates due to a lack of faith in Banks. The government has attempted to decrease the sales of saving certificates through raising interests. [3] [4] [5]
Bangladesh Public Service Commission (Bengali: বাংলাদেশ সরকারী কর্ম কমিশন) is a quasi-judicial constitutional body established in 1972. The commission is responsible for the recruitment of civil service servants in the Bangladesh government. [ 1 ]