Latest Breaking News On - Petroleum development oman employees retirement fund - Page 1 : comparemela.com

By: ONA Muscat: His Majesty Sultan Haitham Bin Tarik on Wednesday issued a Royal Decree, No. 33/2021, on systems of retirement and social security. Article (1) establishes a fund to be named “Social Security Fund”, to have a legal identity, enjoy financial and administrative independence and report to the Council of Ministers. Its system (bylaw) shall be issued under a Royal Decree. Article (2) establishes a fund to be named “Military And Security Services Retirement Fund”, to have a legal identity, enjoy financial and administrative independence and report to the Council of Ministers. Its system (bylaw) shall be issued under Royal Decree. Article (3) states that a committee to be formed under a decision by the Council of Ministers shall undertake the supervision of drafting necessary regulations and finalising all procedures related to transferring to the two funds stated in Articles (1) and (2) of this decree all the missions, specialisations/prerogatives, origins, rig

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