The new universal pension scheme "Prottoy" will be effective from 1 July 2025, said a press release of the National Pension Authority on Sunday (14 July).

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 release issued by the National Pension Authority said that the government has taken a decision in this regard.

It said that Prime Minister Sheikh Hasina launched the Universal Pension Scheme on 17 August 2023 under the Universal Pension Management Act, 2023 in order to bring people from all strata under a sustainable pension system.