Pension for private company employees

EMPLOYEES of most private companies in Bangladesh are deprived of long-term benefits like pension, gratuity etc. Whereas the contribution of these employees to the organisations they serve is undeniably crucial, they are not entitled to any benefit they deserve other than monthly salary. It is high time these private employees were brought under a safety net programme providing for long-term benefits.

In order to do so, the government should enact relevant laws to make sure that all private employers build up a separate fund for the purpose and make mandatory a pension scheme for their employees, which will not only ensure a safe future for them but also attract good students to private company employment. Preparation of the scheme may take a little time but it will be a giant step forward to ensure public welfare. In our neighbouring country India, a pension scheme for private employees is already in effect. I hope the Bangladesh government will soon formulate a pension for the private sector and ensure financial security for private company employees. Once the pension plan is implemented, life of private employees will be financially secured as they would get some benefits after their retirement. Now private company employees are working in an uncertain environment and if a pension plan is implemented, they would start working with renewed vigour. This will make their lives and also the lives of their dependants secure.

Amiruzzaman Khan

Mirpur, Dhaka