JS-59 Kamal for insurance, universal pension schemes

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ZCZC

JS-59

INSURANCE-PENSION

Kamal for insurance, universal pension schemes

SANGSAD BHABAN, June 13, 2019 (BSS) –
Finance Minister AHM Mustafa Kamal proposed to
bring all public sector employees under the insurance
coverage and introduce universal pension scheme for all
under formal and informal sectors.

“With the assistance of Jiban Bima Corporation, the
existing system will be reformed and converted into an
integrated insurance system for bringing all government
employees under the insurance coverage,” said the
finance minister while placing budget for 2019-20 fiscal
in the Jatiya Sangsad today.

About pension scheme, he said the government
pensioners are only a small fraction of the total
population in the country.

A ‘Universal Pension Authority’ will be formed soon
for gradual introduction of the universal pension for
everyone including all employees in formal and
informal sectors of the economy, he added.

BSS/ASG/TAN/RY/20:25hrs