A Comparative study of pension system between USA and Bangladesh
This internship report is submitted in partial fulfillment of the requirements for the degree of Masters of Business Administration, 2020.
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| Lenguaje: | English |
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Brac University
2024
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| Acceso en línea: | http://hdl.handle.net/10361/22185 |
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10361-221852024-01-17T21:02:47Z A Comparative study of pension system between USA and Bangladesh Hasan, Mahmudul Ahmed, Riyashad Brac Business School, Brac University Old age pensions--United States. Old age pensions--Bangladesh. This internship report is submitted in partial fulfillment of the requirements for the degree of Masters of Business Administration, 2020. Cataloged from PDF version of internship report. Includes bibliographical references (page 22). Data Path Ltd. is a business process outsourcing company which is the only company in Bangladesh who provides 401(k) retirement plan services to USA clients. In this report, I explored different aspects of Retirement plan process in USA and Bangladesh. I have described how effective and well-regulated US retirement plan industry is and how much behind, unstructured Bangladesh pension system are. As a legal binding, all employers in USA are required to offer retirement plan to their employees whereas in Bangladesh only public sector organizations have retirement benefits for their employees. In Bangladesh, Private sector pension system is very unstructured and not all private company has retirement plan for their employees, if any then benefits they provide are much lower compared to the public sector. Bangladesh government need to adopt a Universal Pension Scheme for all private and public service holders. To ensure the transparency of managing the retirement funds, every retirement plan should be audited by a certified auditor. Government may impose legal provision on every company to manage the retirement fund in a proper way. It may only be possible to provide retirement benefits to all private and public sector employees if government pursue a structured policy and impose the law in ‘The Company Act.’ Bangladesh can take the US pension system as a benchmark to start the compulsory pension scheme in private sectors. Mahmudul Hasan M. Business Administration 2024-01-17T10:03:49Z 2024-01-17T10:03:49Z 2020 2020-09 Internship report ID: 18164012 http://hdl.handle.net/10361/22185 en Brac University internship reports are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 24 pages application/pdf Brac University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Old age pensions--United States. Old age pensions--Bangladesh. |
| spellingShingle |
Old age pensions--United States. Old age pensions--Bangladesh. Hasan, Mahmudul A Comparative study of pension system between USA and Bangladesh |
| description |
This internship report is submitted in partial fulfillment of the requirements for the degree of Masters of Business Administration, 2020. |
| author2 |
Ahmed, Riyashad |
| author_facet |
Ahmed, Riyashad Hasan, Mahmudul |
| format |
Internship report |
| author |
Hasan, Mahmudul |
| author_sort |
Hasan, Mahmudul |
| title |
A Comparative study of pension system between USA and Bangladesh |
| title_short |
A Comparative study of pension system between USA and Bangladesh |
| title_full |
A Comparative study of pension system between USA and Bangladesh |
| title_fullStr |
A Comparative study of pension system between USA and Bangladesh |
| title_full_unstemmed |
A Comparative study of pension system between USA and Bangladesh |
| title_sort |
comparative study of pension system between usa and bangladesh |
| publisher |
Brac University |
| publishDate |
2024 |
| url |
http://hdl.handle.net/10361/22185 |
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AT hasanmahmudul acomparativestudyofpensionsystembetweenusaandbangladesh AT hasanmahmudul comparativestudyofpensionsystembetweenusaandbangladesh |
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