Comparison of Retirement Plan between Bangladesh & U.S.A.
This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2022.
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Brac University
2024
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| Acceso en línea: | http://hdl.handle.net/10361/23858 |
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10361-238582024-08-21T21:01:17Z Comparison of Retirement Plan between Bangladesh & U.S.A. Ahmed, Kazi Ishraq Ahmed, Riyashad Brac Business School, Brac University Retirement plan Retirement--Planning Retirement income This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2022. Cataloged from the PDF version of the internship report. Includes bibliographical references (page 52). The procedure of creating retirement plans in the USA and Bangladesh is explained in this study in detail. And via doing a comparison analysis, I sought to determine how efficient and well governed the US retirement industry is compared to how far behind and poorly organized Bangladesh is in this area. The study begins by outlining the USA Retirement process. Even in cases of sole proprietorship, there are several distinctive characteristics of US retirement policies that make them so well liked and frequently utilized by both governmental and non-governmental organizations. Government regulations, public desire to save, public right to information, contribution to the national economy, and contribution to the domestic economy are all reasons why this saving strategy is so well-liked. The US government is highly concerned with safeguarding retirees' rights and providing for their financial security throughout their retirement. Guidelines are provided by the Internal Revenue Service (IRS) and the Department of Labor (DOL) to help employers administer retirement benefit plans and offer retirement benefits to their employees. The retirement plan also enables the employer to save money on taxes on the company's profits. The Bangladesh Retirement Industry is briefly introduced in the later section of the paper. Different disorganized and completely unstructured pension systems are present in both the public and commercial sectors. There are no adequate regulations for retirement benefits including gratuities, benevolent funds, housing provided by the government, group insurance, etc. In the third chapter, I looked for significant differences between Bangladeshi and American retirement policies. Government regulations, citizen rights, economic participation, reliance, benefit amounts, and other factors also vary. Finally, based on my results, I provided a few recommendations, such as the need for the government to be serious and concerned about defending retirees' rights. If the government modifies or reshapes the policy, it could be viable to use a structured approach. Bangladesh's retirement provident fund will benefit from this research as well. Kazi Ishraq Ahmed B. Business Administration 2024-08-21T08:08:34Z 2024-08-21T08:08:34Z 2022 2022-12 Internship report ID: 18304019 http://hdl.handle.net/10361/23858 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. 52 pages application/pdf Brac University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Retirement plan Retirement--Planning Retirement income |
| spellingShingle |
Retirement plan Retirement--Planning Retirement income Ahmed, Kazi Ishraq Comparison of Retirement Plan between Bangladesh & U.S.A. |
| description |
This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2022. |
| author2 |
Ahmed, Riyashad |
| author_facet |
Ahmed, Riyashad Ahmed, Kazi Ishraq |
| format |
Internship report |
| author |
Ahmed, Kazi Ishraq |
| author_sort |
Ahmed, Kazi Ishraq |
| title |
Comparison of Retirement Plan between Bangladesh & U.S.A. |
| title_short |
Comparison of Retirement Plan between Bangladesh & U.S.A. |
| title_full |
Comparison of Retirement Plan between Bangladesh & U.S.A. |
| title_fullStr |
Comparison of Retirement Plan between Bangladesh & U.S.A. |
| title_full_unstemmed |
Comparison of Retirement Plan between Bangladesh & U.S.A. |
| title_sort |
comparison of retirement plan between bangladesh & u.s.a. |
| publisher |
Brac University |
| publishDate |
2024 |
| url |
http://hdl.handle.net/10361/23858 |
| work_keys_str_mv |
AT ahmedkaziishraq comparisonofretirementplanbetweenbangladeshusa |
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1814307446309519360 |