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Pasi participates in GCC civil pension seminar

KUWAIT

The Public Authority for Social Insurance (Pasi) took part in the periodic seminar on civil pension and social insurance institutions on Wednesday.

The seminar, hosted by Kuwait under the title ‘Challenges and Risks Facing Civil Pension and Social Security Schemes’, is as per the recommendations of the heads of insurance and civil pension in the GCC countries.

PASI presented a working paper titled ‘Risk of Study-Lacking of Distribution of Investment Assets on Pension Fund Investments’.

The paper reviewed future risks of investment funds in terms of pension plans and a variety of liability risks, including risks of price inflation, wages, interest rate risks and others.

The seminar also discussed demographic changes in GCC, comprehensive coverage and quality of services and establishment of the Office of Infrastructure Management. ONA