The objective of the government’s effort to improve the Universal Pension Scheme which registered 372,378 people in four categories over the course of 14 months is to address the program’s delayed acceptance. Health insurance and gratuities will be added. The government hopes to allay worries about financial stability and draw in a wider pool of workers especially those between the ages of 18 and 50—from a variety of industries by assessing these new benefits. This has the potential to boost participation and improve the pension plan’s overall viability.
Source: Business Inspection BD
