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.
BRPD Circular Letter No. 17 Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. BRPD Circular Letter No. 17 Date: ------------------- Managing Directors All Government, Commercial and Specialized Banks operating in Bangladesh. Dear Sirs, Regarding the entitlement of festival bonus to retired employees who surrendered 100% pension. It is advised to take necessary measures to comply with the instructions issued by the competent department of the Ministry of Finance of the Government of the People's Republic of Bangladesh via Office Memorandum No. 07.00.0000.171.13.013.13-41 (copy attached) dated 24/03/2014, concerning the entitlement of festival bonus to those retired employees/officials and family pensioners among all categories of government, semi-government, state-owned banks, investment institutions, and autonomous organizations who have surrendered 100% of their pension. Yours faithfully, (Chowdhury Md. Firoz Bin Alam) General Manager Phone: 9530252
November 11, 2014 Kartik 27, 1421
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