Saudi Arabia’s ‘Strategy 2022’ Sets Out Pension Reforms

Saudi Arabia’s ‘Strategy 2022’ Sets Out Pension Reforms

Strategy 2022” pension reforms first announced by Saudi Arabia’s public pension agency (PPA) in 2018 feature:

  • A commitment to work with the private sector “to provide special offers and services for pensioners and beneficiaries as an add-on for the existing services in all regions of the kingdom”
  • Improvement of the pension scheme, including better administration processes in the PPA, more digitalization, stronger PPA governance and better coordination with other government agencies
  • Improved investment and risk management capability to achieve better financial performance 

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