Regulatory Alerts2014-11-11
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BRPD Circular Letter No. 17: Rendering Festival Bonus to the Retired Employees Surrendered 100% Pension
The Banking Regulation and Policy Department of Bangladesh Bank directs all government, semi-government, state-owned banks, investment institutions, and autonomous organizations to implement the instructions issued by the Ministry of Finance on March 24, 2014. These instructions mandate the payment of festival bonuses to retired employees and family pensioners who have surrendered 100% of their pensions. The directive requires the adoption of necessary measures to ensure compliance with these specific guidelines for the affected pensioners.
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