The Board of Directors of the National Pension Authority on Monday asked the officials concerned to urgently prepare a concept paper based on an actuarial analysis to assess the feasibility of introducing an insurance benefit under the Universal Pension Scheme.

The directive came at the 3rd meeting of the National Pension Authority’s Board of Directors held at the conference room of the Finance Adviser at the Bangladesh Secretariat.

Finance and Science and Technology Adviser Dr Salehuddin Ahmed, who chairs the Pension Board, presided over the meeting.

The meeting was attended by the Secretary of the Finance Division and other distinguished board members.

National Pension Authority Executive Chairman Md Mohiuddin Khan presented the agenda items and ongoing activities of the Authority.

Board members participated in the discussions and emphasised the need to accelerate the authority’s activities.

As of June 30, 2025, the meeting apprised, a total of 373,987 contributors deposited Tk 187.97 crore, including the opening balance from FY2023–24.

The total profit earned in FY2024–25 amounted to Tk 16.33 crore, with the highest return rate recorded at 11.61%.

Contributors will be able to view their earned profit using their pension ID and password.

The Board approved the distribution of profits among contributors based on their respective investment periods.

The Board approved an increase in the maximum monthly contribution under the Surakkha Scheme—designed for self-employed individuals—from Tk 5,000 to Tk 15,000.

The revision aims to make the scheme more attractive to higher-income self-employed participants and align it with the Progoti Scheme.

Under the Outsourcing Policy 2025 issued by the Finance Division, outsourced service workers will be allowed to enroll in the Progoti Scheme.

While the minimum monthly contribution for Progoti is Tk 1,000, the Board decided to set a reduced minimum of Tk 500 exclusively for outsourced workers to make participation more affordable.

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The entire contribution will be borne by the workers themselves with no employer contribution required.

The Board also discussed launching an Islamic version of the Universal Pension Scheme.

It emphasised the importance of reviewing international best practices and completing a concept paper to facilitate the introduction of the Shariah-compliant version.