The minimum deposit amount will be determined after the establishment of a five-member National Pension Authority headed by an executive chairman.
The authority will have a 16-strong governing body, which will be headed by the finance minister.
Other members of the Governing Body include Bangladesh Bank Governor, Finance Secretary, Financial Institutions Division Secretary, NBR President, Social Welfare Secretary, Ministry of Women and Child Affairs Secretary, Overseas Welfare and Foreign Employment Secretary, Labor and Employment Secretary, Posts and Telecom Are included. Division Secretary, Prime Minister’s Office Secretary, SEC President, FBCCI President, Bangladesh Employers Federation President and Bangladesh Women’s Chamber of Commerce and Industry President.
not all supported the bill
Gono Forum MLA Mokobir Khan, who participated in the discussion ahead of the bill’s ratification, praised the initiative but indicated he had some doubts about the plan’s success.
“It is not very clear how people will get their returns. It sounds more like packages offered by banks. Public opinion should have been sought before introducing this bill,” he said.
Jatiya Party MP Fakhrul Imam criticized the bill saying that this bill is against the essence of the constitution.