Bangladesh to Resume Teacher Retirement Benefit Payments with Tk 2,000 Crore Allocation

The government will restart payments of retirement benefits for teachers who have not received allowances from the Teacher Welfare Trust since 2022, announced Education Minister ANM Ehsanul Hoque Milon. He stated this after a meeting with the prime minister at the Secretariat.

Milon revealed that the government has allocated Tk 2,000 crore specifically to clear these pending benefits, with the process set to begin within the next month. He also claimed that significant amounts of money had been embezzled from the Teacher Welfare Trust in the past, which complicated the disbursement of benefits. The new allocation aims to address the needs of teachers who have been deprived of their rightful retirement funds.

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We plan to start the process within the next one month.

Furthermore, Milon highlighted that the education budget for the upcoming fiscal year is the highest to date, amounting to Tk 1.23 lakh crore. This figure represents two percent of Bangladesh's GDP. He added that the prime minister has committed to gradually increasing the education budget towards five percent of the GDP.

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several thousand crores of taka had been embezzled from the Teacher Welfare Trust in the past, creating complications in disbursing the benefits.