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Retirement Funds…… a guarantee for the future

Social security funds remain the essential basis for secured and settled life for tremendous class of society in any underdeveloped or developed society. Social security funds are not only for the current society but also for many generations to come. Funds are precautionary security for all generations a way form lack of basic needs and poverty. We mean by the term generations all family members that we gain living to during our service time either in the public sector or the private sector. The accumulative contributions of funds' revenues are not for a specific generation ,but rather revenues with its proceeds should be carefully and appropriately managed to assure future security, settlement and prosperity which will definitely enable society to employ their skills and energy for the best interest of the country. All of which can be only achieved when employees feel comfortable and secured upon knowing that their life along with their families are secured. Depleting funds revenues, in a short time, make funds incapable of fulfilling their liabilities and commitments toward pensioners, current employees or future hired employees. Therefore, well long term plan and vision will make our aim of decent secured life achieved. Our political leaders approving and encouraging social security funds involvements in several vital strategic projects such gas upstream projects or lucrative high-tech projects that increase proceeds of social security funds in the short and long term. Furthermore, social security awareness must be a common knowledge for all employees or those covered by these funds. it is of each and every interest that these funds be permanently the e social security for the future as the Quraniq verse says( be concerned when vulnerable infants left uncared for and be to God faithful and say righteous intendancy). Well said, the glorious God.

Mohammed ahmed isam
General Department of Investment
 


Relative links in this section


The importance of activating investments of social security surplus revenues in Yemen

Social Security contributions

The Minister of Civil Service and Insurance praises work discipline of the General Authority for Social Security and Pensions

17/8/2019

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Intensive efforts to complete electronic archiving of retired files

31/7/2019

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In your Opinion, Have GASSP Services Improved Since Oct 2009

  • Yes : 33 %

  • No : 33 %

  • Somehow : 33 %