In addition to strengthening its study on monetary policies and funds in the market, the Bank has improved the efficiency of the analysis, forecast and management of funds in each aspect, so as to ensure the stability of its liquidity, leveraged on its advantages in lending business as a ...
End of service benefits and pension plans In KSA, for the liability for employees' end of service benefits, the actuarial valuation process takes into consideration the provisions of the Saudi Arabian Labour and Workmen Law as well as the Group's policy. In other countries, the respective ...
In addition to strengthening its study on monetary policies and funds in the market, the Bank has improved the efficiency of the analysis, forecast and management of funds in each aspect, so as to ensure the stability of its liquidity, leveraged on its advantages in lending business as a ...
3.1. Institutional Characteristics of the Basic Old-Age Pension System in City X Under the guidance of document No. 26 issued by the State Council in 1997, City X established basic old-age social insurance for urban employees to replace the traditional urban retirement system. The newly construct...
Individuals who have participated in the BEIURR, who have reached the age of 60, have accumulated payments for 15 years, and have not received the basic pension treatment stipulated by the state, may receive the pension treatment on a monthly basis. The minimum standard of basic pension is ...