Thursday, June 13, 2019

Can we develop a national pension system?

BLOG: Bangladesh is one of the most densely populated countries in the world, and the eighth-largest by population. The number of people over 60 years of age has been projected to increase from about 9.8 million (6.5% of total population) to 18.1 million (10% of total population) by 2026 and 44.1 million people (20.2% of total population) by 2051 in Bangladesh.

The average life expectancy of a Bangladeshi is now around 70 years, which will result in an increased dependency ratio and declining potential support ratio. Without adequate savings or contributory pension schemes, most senior citizens will be heavily dependent on society. Read More