Home Suggestion Pension Calculator in Bangladesh পেনশন ক্যালকুলেটর দেখুন

Pension Calculator in Bangladesh পেনশন ক্যালকুলেটর দেখুন

Pension Calculator

If you are one of those who are looking for a pension calculator, then you are at the right place. There are some categories in the pension plan. The thing is that not everyone in Bangladesh gets access to this. In this article, we are going to discuss everything about pension system, categories, and pension calculator. So let us get started to know more details.

What is a Pension?

A pension is a fund that gets added to a fund during an employee’s employment years from which payments are drawn during the employee’s retirement to sustain them financially. A fixed amount of sum is paid regularly to the person.

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This fixed sum becomes available at retirement age. Pension and severance pay is not the same. Severance pay is paid a fixed amount which is paid after involuntary termination prior to retirement. But a pension is a fixed amount paid regularly for life after retirement.

Pension Plan in Bangladesh

Currently, Bangladesh has no formal pension system on a national scale. The only pension plan available is for employees in government service (Civil and military). Only 5% of the employed population works for government service. Which leaves a huge part of the employed population without a pension.

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Why is Pension Necessary?

As an employee serves his/her institute they develop and mature. They also grow old. And there is an age limit till which you can serve. It is also true for government employees. As an employee grows old they must retire and take it easy. And during their retirement life, they need a sum of money to sustain themselves.

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Sometimes they might have family members left behind who need financial support. A pension is a fixed sum of money that is paid regularly. So it ensures a better life for the retired employee.

Pension Categories

Categories of Pensions and Retirement Benefits according to civil service pension in Bangladesh current reforms and future plan.

  1. Superannuation Pension: Minimum qualifying service 25 years and 90% of last month’s pay 2. Retiring (Forceful) pension, Optional/Voluntary Pension
  2. Invalid Pension
  3. Family Pension
  4. Gratuity and Commutation
  5. Benevolent Fund
  6. Group Insurance
  7. General Provident Fund
  8. Medical Allowance, Festival Allowance
  9. Lump Grant/ Leave encashment

Pension Calculator 2024

As only the government service holders in Bangladesh get the pension there are some rules and regulations that must be maintained. You must meet the required criteria to be eligible for a pension. Now when it comes to calculating the amount of money you will be getting, it might seem like a daunting task.

But pension calculator BD can help you. It can help you calculate the exact amount you shall be receiving. You don’t have to look for all the legal documentation to do the calculation. Pension calculator BD does it for you in simple and easy to follow steps. You can worry less about the calculation and take it easy on your retirement.


Pension is somewhat necessary to have a smooth retirement life. Only the employees in the civil service get access to a pension. The pension makes their retirement life smooth and provides them with a sum of money on a regular basis. Those who do might find it difficult to calculate the pension and pension calculator BD makes the process easy and hassle-free.