“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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