Education Minister Nurul Islam Nahid speaks at parliament DHAKA TRIBUNE FILE PHOTOCurrently, non-government teachers and employees have to wait for three to five years after retirement to receive their benefits.
Nahid said the Board receives around Tk16-17 crore each month from the teachers and employees across the country as they pay 4% of their basic salaries as contribution to their benefits. The board needs to contribute equal amount of money, which is why it needs around Tk36 crore every month to settle post-retirement claims.
The number of retired teachers and employees in the country is more than 70,000, while around 10,000 MPO-listed teachers go into retirement every year.
The government has allocated Tk500 crore in the proposed national budget for the 2016-17 fiscal year for the MPO-listed secondary school teachers, the minister said.The number of applications for post-retirement benefits waiting to be approved is on the rise; dues have been accumulating every month, delaying the payment of the retirement benefits of non-government teachers and employees for years.
Education Minister Nurul Islam Nahid shed light on the situation when he spoke at parliament yesterday, saying the Non-Government Teacher-Employee Retirement Benefit Board is unable to pay the retirement benefits to 42,380 applicants.
The Welfare Trust has also not been able to settle the claims of 28,000 retired teachers and employees as of last month, he said in reply to a question.
“Around Tk1,961 crore is required to settle the applications pending at the Board, and the Trust needs Tk485 crore to settle its pending applications,” he added.
Education Minister Nurul Islam Nahid speaks at parliament DHAKA TRIBUNE FILE PHOTOCurrently, non-government teachers and employees have to wait for three to five years after retirement to receive their benefits.
Nahid said the Board receives around Tk16-17 crore each month from the teachers and employees across the country as they pay 4% of their basic salaries as contribution to their benefits. The board needs to contribute equal amount of money, which is why it needs around Tk36 crore every month to settle post-retirement claims.
The number of retired teachers and employees in the country is more than 70,000, while around 10,000 MPO-listed teachers go into retirement every year.
The government has allocated Tk500 crore in the proposed national budget for the 2016-17 fiscal year for the MPO-listed secondary school teachers, the minister said.
Education Minister Nurul Islam Nahid speaks at parliament DHAKA TRIBUNE FILE PHOTOCurrently, non-government teachers and employees have to wait for three to five years after retirement to receive their benefits.
Nahid said the Board receives around Tk16-17 crore each month from the teachers and employees across the country as they pay 4% of their basic salaries as contribution to their benefits. The board needs to contribute equal amount of money, which is why it needs around Tk36 crore every month to settle post-retirement claims.
The number of retired teachers and employees in the country is more than 70,000, while around 10,000 MPO-listed teachers go into retirement every year.
The government has allocated Tk500 crore in the proposed national budget for the 2016-17 fiscal year for the MPO-listed secondary school teachers, the minister said.