`Prattay Scheme` made mandatory for employees of state-owned bodies

Employees of all public universities, self-governed, autonomous, state-owned bodies and their subordinate institutions joining on 1 July 2025 and thereafter as fresh employees would mandatorily come under the Universal Pension Scheme like the government employees.

A press notification signed by finance ministry public relation officer Gazi Towhidul Islam confirmed the matter on Sunday (July 14).

According to the notification, the new universal pension scheme "Prottoy" will be effective from 1 July 2025.

Earlier, the government had taken initiatives to make the public pension system more comprehensive. As part of this, it has been decided to ensure the old age protection of the country's elderly population by bringing them under a sustainable and well-organized social security framework.

For this purpose, the government has undertaken a project titled 'Strengthening the Universal Pension System' to implement the universal pension system nationally.

The cost of this project has been estimated at 325 million USD equivalent to Tk3,802.50 crore. Of them, ADB will provide 250 million USD as assistance, and the rest 75 million will be provided from the state fund, said the sources from the finance division.