News

Far-reaching reforms in Oman set new benchmark for social protection in the region

www.ilo.org: 20/07/2023

Unified social insurance old-age, disability and survivors pensions: the new law harmonizes eligibility conditions and benefit formulas for all Omani workers into a single, unified pension scheme based on more sustainable and equitable social insurance financing principles. Non-Omanis remain entitled to End-of-Service Indemnity which will be administered through a dedicated Provident Fund (within three years).