A Memorandum of Understanding (MoU) has been signed between the National Pension Authority and the Office of the Registrar of Joint Stock Companies and Firms (RJSC) to facilitate the participation of private company employees in the Universal Pension Scheme (UPS).
The UPS, launched on August 17, 2023, includes the Pragati scheme for private employees. The MoU aims to simplify the registration process for private organizations and firms under the Pragati pension scheme, allowing employees to contribute to pension accounts with options ranging from Tk 2,000 to Tk 10,000. The initiative seeks to enhance the engagement of private-sector workers in the pension program.