Social Insurance Board meets

 
       
 

The Board of the Public Authority for Social Insurance (PASI) held its third meeting this year under the chairmanship of Sheikh Abdullah bin Nasser al Bakri, Minister of Manpower and Chairman of PASI

 

The meeting discussed the first draft for PACI's five-year strategic plan. The administration has tried to develop its services , expand the cover of social insurance , develop human resources and apply new technologies ; being the recommendations and the outcome of the seminar held at PACI to identify the broad framework for this plan that have been incorporated into a strategy that reflects PASI's future vision.

The Board also discussed PASI's financial and accounting policies and procedures guideline which defines the document cycle that should be followed when processing any of the financial or accounting transactions. The guideline was prepared by an external consultant. The Board also reviewed the efforts of the investment committee during the first half of the current year and discussed the investment opportunities offered to it.

The meeting also reviewed a number of memoranda on the conditions of the insured such as treating the conditions related to extending the previous service for the insured who received portion of their end of service gratuity before the Social Insurance Law takes effect.

The meeting also discussed the conditions of the insured moving to and from private sector. The Board was also briefed on PASI's executive management preparations to host the seminar at the last quarter of the year on administrative and operational efficiency at social insurance authorities and pension funds.

The Board also reviewed a number of administrative issues raised by the administration, as well as, other issues on the agenda.

 

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Public Authority for Social Insurance