DHAKA, Feb 10, 2026 (BSS) - The interim government has issued a new ordinance, making major amendments to the existing law to make the retirement benefits of thousands of MPO-listed teachers and employees of private educational institutions in the country more transparent and dynamic.

The new law includes the inclusion of 'Ebtedayi Madrasa' and radical changes have been made in the 'Board of Directors' and 'Funds' management. 

In particular, an interim arrangement has been made to pay the dues of teachers even if there is no board for some reason.

The new ordinance was published in the gazette form yesterday (Monday) by the Legislative and Parliamentary Affairs Division of the Ministry of Law, Justice and Parliamentary Affairs, Public Relations Officer of the ministry Dr. Md. Rezaul Karim said today. 

This ordinance will be called the Private Educational Institution Teachers and Employees Retirement Benefits (Amendment) Ordinance, 2026. It will come into effect immediately.

The new ordinance has revised the definition and expanded its scope. The ordinance amends Section 2 of the original Act of 2002 and adds the word 'institution' with MPO (Monthly Payment Order) to it. 

In addition, along with colleges, Ebtedayi Madrasas affiliated to Dakhil and above levels have also been included under this act.

The ordinance has restructured the governing council of the Retirement Benefits Board. 

It stated that the secretary of the Secondary and Higher Education Division will serve as the chairman of the council and the Director General of the Directorate of Secondary and Higher Education will serve as the vice-chairman.

As an important change in the Board of Directors, Section 6(1)(m) of the Act provides for the appointment of a director who will serve as the ex-officio 'Member-Secretary' of the Board.

In addition, representatives from various departments, including the Public Administration and Finance Departments, and 11 teachers and three employees nominated by the government will be included as members. The nominated members will serve for a term of three years.

The ordinance emphasizes the word 'approval' instead of 'granting' retirement benefits. As an important addition, the ordinance stated that if it is not possible to form a board for any reason, then as an interim measure, retirement benefits can be provided to teachers and employees with the approval of the government.

According to the ordinance, the permanent fund of the board shall be invested only in state-owned commercial banks, government bonds or bills, subject to the approval of the government. The money of this fund cannot be spent on any other work of the board. The method of managing the fund shall be determined by regulations.

The new ordinance provides for the appointment of the required number of officers and employees as per the organizational structure approved by the government to conduct the functions of the Board. 

In addition, as per Section 12(2) of the amended Act, a 'Director' will be at the centre of the administrative activities of the Retirement Benefits Board. 

An officer will be appointed to this post on deputation by the government who will be responsible for implementing the decisions of the Board.