Poor response to pension scheme, only 1,831 people subscribed in second month

Poor response to pension scheme, only 1,831 people subscribed in second month

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Of those, the bulk – 12,889 people – completed their subscriptions in the first month from August 17 to September 17, while the following month saw only 1,831 subscriptions.

Prime Minister Sheikh Hasina officially launched the pension scheme on 17 August. 8,000 people registered online for the scheme on the very first day, while 1,700 people paid their monthly premiums immediately.

The government launched the Universal Pension Scheme with the aim of bringing about 100 million people under this facility. Initially, it is structured into four separate schemes for private sector employees, non-resident Bangladeshis, informal sector individuals and low-income individuals.

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