Al-Sabihi urges review of guarantee rate
Insurance and social protection expert Musa Al-Subaihi calls for the withdrawal of the amended Social Security Bill from the House of Representatives and its comprehensive, thoughtful re-study. This reform aims to ensure financial sustainability and actuarial balance while addressing the root causes of insurance, economic, and social challenges—not just through tightening conditions or raising the retirement age. Al-Subaihi proposes forming an independent committee comprising experts from various fields, reviewing the actuarial study, and achieving transparency. Additionally, he advocates for launching a broad national and societal dialogue with the goal of issuing a new law that reflects current realities and guarantees the sustainability of social protection for future generations, while preserving the rights of contributors and retirees. The project is expected to be finalized and presented to Parliament in the second quarter of the coming year.
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