Bangladesh, July 23 -- The Retirement Benefit Board for Teachers and Employees of Non-Government Educational Institutions is grappling with a severe financial crisis, leaving tens of thousands of retired teachers and staff waiting years to receive their retirement benefits.

According to board sources, nearly Tk 700 crore belonging to teachers and employees remains tied up in nine private commercial banks, worsening the Board's cash flow and delaying payments to beneficiaries.

Officials said the Board is preparing to seek financial support from the Prime Minister to bridge the widening funding gap. While the retirement fund currently holds around Tk 2,000 crore, an additional Tk 8000 crore is urgently required. Overall, nearly Tk 1,0000...