By Staff writer
Members of advisory council say too much expertise would be lost if recommendation is implemented
Saudi Arabia’s Shoura Council has rejected a recommendation that government employees be allowed to retire at the age of 55.
According to a report in Arab News, council member Prince Khaled bin Abudullah Al-Saud put forward the proposal, which would also include paying pension entitlements early.
Council members rejected the recommendation, on the basis that the Pension Agency is already threatened with bankruptcy. Members also said that the government would be deprived of valuable expertise in the fields of engineering and medicine if the recommendation were to be approved.
A further recommendation to merge institutions and systems of social insurance and pensions together in a single unified system was also rejected.