Saudi authorities are mulling changes to the way pensions work in the kingdom, forcing nationals to put more money in and stay in employment for longer. Riyadh's national pension scheme has a serious hole in its finances, thought to be to the tune of approximately $213 billion, Bloomberg reported on Tuesday. The kingdom is, therefore, mulling whether to raise the age of retirement, three knowledgeable sources told the business-centred news agency. Saudis may additionally have to give more of their income over to the body that administers pensions, according to these same informed sources. Known as the General Organization for Social Insurance (GOSI), it looks after p
Hence then, the article about saudi pension changes could hamper early retirement plans was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Saudi pension changes could hamper early retirement plans )