Bangladesh Open University (BOU)

Pension, Loan Disburse & Repaid Section

SL	Responsibilities
1	Pension is the financial security for the future of every employee. So Pension section of Finance & Accounts Division plays an important role by providing serve the retired persons. Timely receiving a pension is also a motivational task for each employee. So they do their work cordially, sincerely and heartedly in their service. Pension cell serves everybody following mentioned way:- Prepare monthly, quarterly, half-yearly, yearly pension expenditure for budget preparation as a whole to contribute university budget. Prepare budget demand for getting pension funds from the UGC. Face the budget meeting with the UGC budget team for allocation of Pension funds. Conducting Trusty Board Meeting for Benevolent Fund. Prepare related working papers with relevant documents for taking decisions. According to the administrative order process pensioner files and takes necessary actions for payments after the approval of the authority. Prepare monthly pension & benevolent fund bill.
2	A section “loan lending and borrowing” has been started under Finance & Accounts Division as on dated 11/11/2015 to operate & manage sound lending & borrowing process of Land Purchase/House Purchase/Flat Purchase/House Construction & Development for the teachers, Officers & employees of Bangladesh Open University.