62 to be the age of retirement

Updated 13 May 2014
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62 to be the age of retirement

The Shoura Council on Monday approved a proposal to extend the retirement age of government employees from 60 to 62 in accordance with the Hijri (lunar) calendar, while several experts insist that employees should retire at 65.
Fifty-nine members voted in favor of the motion, while 56 opposed, said Fahaad Al-Hamad, it assistant president. “The meeting reached this conclusion after hearing a report from Muhammad Al-Naji, chairman of the management and HR committee.”
Supporters said the present retirement age does not reflect the present health and social care available in the Kingdom, improving people’s life expectancy. At present, employees retire when they are in a better position to contribute more to the country’s progress, one member said.
“The present financial condition of the pension’s fund demands measures to increase its revenues, including extending the retirement age,” said another member. Opponents, nevertheless, said it would reduce job opportunities for young Saudi men and women.
Mohammed Al-Kharashi, governor of the pension fund, said his organization has proposed a new retirement law incorporating citizens’ opinions.
He described 60 as the lowest retirement age in the world. “In some countries, it’s 68 in the Gregorian calendar,” he said, adding that early retirement would lead to wastage of capabilities and expertise acquired by employees.
Abdelelah Saaty, dean of the College of Business in Rabigh, said the retirement age should be extended to 65 as in many other countries. “Life expectancy in the Kingdom has now reached 75 and employees can stay longer with better health,” he said. He urged the pension fund to change its investment strategy to increase its revenue.


UAE body lauds Saudi Arabia’s efforts at enhancing security

Updated 17 January 2019
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UAE body lauds Saudi Arabia’s efforts at enhancing security

  • “The Kingdom acts as a safety net for the Arab and Islamic worlds,” says Federal National Council chair

JEDDAH: A prominent member of the UAE Federal National Council (FNC) has praised the Kingdom’s efforts at enhancing security and development.

Amal Al-Qubaisi, FNC chairperson and speaker, met with members of the Saudi Shoura Council during a delegation visit to the UAE headed by Ahmed Al-Ghamdi, deputy chairman of the Saudi-Emirati Parliamentary Friendship Committee.

Al-Qubaisi reiterated that unity on various regional and international issues enhances security and stability.

“The Kingdom acts as a safety net for the Arab and Islamic worlds,” she said during a meeting at the FNC headquarters in Abu Dhabi. “King Salman is a father figure to both the Saudi and Emirati people.”

Al-Qubaisi said Saudi-Emirati strategic relations are reflected in coordination efforts between the Shoura Council and the FNC and commended the work of Shoura Council Chairman Abdullah Al-Asheikh.

Al-Ghamdi said strong fraternal relations between the two countries would strengthen regional unity and counter foreign actors attempting to sow the seeds of discord.

He also reiterated that the two nations share a common history, lineage and culture.

During the meeting, the two sides discussed ways that the council and FNC could enhance parliamentary relations.

The delegation also met with the Gulf Cooperation Council Parliamentary Friendship Group, which was headed by Mohammed Al-Ameri, chairman of the FNC Defense, Interior and Foreign Affairs Committee. FNC Secretary-General Ahmed Al-Dhaheri was also present at the meeting.

Delegation members also partially attended a regular FNC session, in which they got a glimpse into the council’s day-to-day operations.