Retirement plan: Bangladesh and The USA comparative study
This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023.
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Brac University
2024
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| 在线阅读: | http://hdl.handle.net/10361/23785 |
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10361-237852024-09-03T09:18:33Z Retirement plan: Bangladesh and The USA comparative study Anjum, Tanvir Al-Din, Zaheed Husein Mohammad Brac Business School, Brac University Retirement policy Internal Revenue Service IRS DOL Department of Labor Provident fund Employee fringe benefits--Bangladesh. Pensions--Law and legislation--United States. Pensions--Law and legislation--Bangladesh. Employee fringe benefits--United States. Retirement. Pension trusts--Taxation--Law and legislation--United States. Pension trusts--Taxation--Law and legislation--Bangladesh. This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023. Cataloged from the PDF version of the internship report. Includes bibliographical references (page 37). Several facets of the retirement plan procedure in Bangladesh and the United States are explained in this study. And using a comparison analysis, I attempted to determine how far Bangladesh lags behind the United States in terms of retirement plan structure and how efficient and well-regulated the American retirement industry is. The study begins by outlining the USA Retirement process. Even in the case of sole proprietorship, there are several unique aspects of US retirement policies that are extremely well-liked and frequently utilized by both government and non-government firms. Government regulations, people's willingness to save, people's access to information, and contributions to the national and local economies are the main reasons why this saving strategy is so well-liked. The US government genuinely cares about safeguarding the rights of retirees and providing them with financial security in their latter years. The Department of Labor (DOL) and the Internal Revenue Service (IRS) offer instructions to employers on how to administer retirement benefit plans so that employees can receive retirement benefits. The retirement plan also saves the employer money on taxes related to the company's profits. The report's second section provides a brief overview of the retirement market in Bangladesh. There are several disorganized and completely unstructured pension systems in place in both the public and commercial sectors. Inadequate regulations regarding retirement benefits such as gratuity, charitable contributions, public housing, group health insurance, etc. In the third step, I made an effort to pinpoint some significant differences between retirement policies in Bangladesh and the United States. There are also differences in the quantity of benefits, government regulations, people's rights, economic participation, and reliance. Lastly, I offered a few recommendations based on the results, such as the government's genuine interest for defending retirees' rights. If the government modifies or reshapes the policy, it could be feasible to introduce a structured policy. Bangladesh will also benefit from this report's improved retirement provident fund. Tanvir Anjum B. Business Administration 2024-08-19T03:50:13Z 2024-08-19T03:50:13Z ©2023 2023-12 Internship report ID 18204057 http://hdl.handle.net/10361/23785 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. 37 pages application/pdf Brac University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Retirement policy Internal Revenue Service IRS DOL Department of Labor Provident fund Employee fringe benefits--Bangladesh. Pensions--Law and legislation--United States. Pensions--Law and legislation--Bangladesh. Employee fringe benefits--United States. Retirement. Pension trusts--Taxation--Law and legislation--United States. Pension trusts--Taxation--Law and legislation--Bangladesh. |
| spellingShingle |
Retirement policy Internal Revenue Service IRS DOL Department of Labor Provident fund Employee fringe benefits--Bangladesh. Pensions--Law and legislation--United States. Pensions--Law and legislation--Bangladesh. Employee fringe benefits--United States. Retirement. Pension trusts--Taxation--Law and legislation--United States. Pension trusts--Taxation--Law and legislation--Bangladesh. Anjum, Tanvir Retirement plan: Bangladesh and The USA comparative study |
| description |
This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023. |
| author2 |
Al-Din, Zaheed Husein Mohammad |
| author_facet |
Al-Din, Zaheed Husein Mohammad Anjum, Tanvir |
| format |
Internship report |
| author |
Anjum, Tanvir |
| author_sort |
Anjum, Tanvir |
| title |
Retirement plan: Bangladesh and The USA comparative study |
| title_short |
Retirement plan: Bangladesh and The USA comparative study |
| title_full |
Retirement plan: Bangladesh and The USA comparative study |
| title_fullStr |
Retirement plan: Bangladesh and The USA comparative study |
| title_full_unstemmed |
Retirement plan: Bangladesh and The USA comparative study |
| title_sort |
retirement plan: bangladesh and the usa comparative study |
| publisher |
Brac University |
| publishDate |
2024 |
| url |
http://hdl.handle.net/10361/23785 |
| work_keys_str_mv |
AT anjumtanvir retirementplanbangladeshandtheusacomparativestudy |
| _version_ |
1814309000417640448 |