The State of Qatar recently chaired the 23rd meeting of the Committee of Heads of Civil Retirement and Social Insurance Agencies in the GCC countries. During the meeting, pioneering personalities in the field of civil retirement and social insurance were honored for their contributions to advancing the sector. Minister of Finance H E Ali bin Ahmed Al Kuwari attended the event, highlighting the importance of ensuring the sustainability of retirement systems and social insurance through cooperation and coordination among GCC states. The meeting also discussed various topics such as the follow-up report on the committee’s action plan, statistical indicators for implementing the unified system for extending insurance protection, technical committees work governance, periodic seminars, and the Civil Retirement and Social Insurance Funds Award for Scientific Research.
During the meeting, the Director General of the General Retirement and Social Insurance Authority, H E Ahmed bin Ali Al Hammadi, stressed the importance of sharing knowledge and expertise in the area of retirement and social insurance to achieve social security and economic stability for GCC citizens. He emphasized the challenges facing civil retirement systems and social insurance, such as demographic changes in the population, and the need for innovative and enduring solutions to support the stability of these systems. This includes crafting legislation and programs in line with the best global practices to meet the needs of Gulf communities.
The Minister of Finance underscored the importance of exploring effective strategies to enhance retirement systems and social insurance, noting that cooperation and coordination are essential for joint success. The meeting also highlighted the second edition of the Pension Funds and Investment Insurance Award, which supports research projects in pension systems. Additionally, the meeting addressed proposals submitted by member states and the General Secretariat, as well as targeting workers who are not registered in the unified system. These discussions aim to improve the overall retirement and social insurance systems in the GCC countries.
Overall, the meeting of the Committee of Heads of Civil Retirement and Social Insurance Agencies in the GCC countries served as a platform for sharing knowledge and expertise in the field of retirement and social insurance. By honoring pioneering personalities and discussing key topics such as the sustainability of retirement systems, cooperation and coordination among GCC states, and challenges facing the sector, the meeting aimed to strengthen the retirement systems and social insurance in the GCC countries. Through collaboration and innovation, the committee seeks to ensure social security and economic stability for the citizens of the GCC countries.
