The government said Wednesday it will make it mandatory for companies to subscribe to private retirement pension programs in phases by 2022 in an effort to provide a stronger safety net for retirees.
Companies with 300 employees or more will have to subscribe to retirement pension programs for their workers starting in 2016. Other firms with smaller workforce are required to subscribe by 2022, according to the finance ministry.
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Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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