News: Oman restructures pension and social protection system

Image © Unsplash: Adil Riyami

· News,Oman

Reuters reports that Oman is embarking on a year-long effort to restructure its pension and social protection systems as part of a slew of economic reforms under their new Sultan, Haitham bin Tariq al-Said.

The plans include establishing a Social Protection Fund, a Military and Security Units Pension Fund and a social security system for low-income Omanis.

Could a more inclusive social security system be on the horizon?

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