78 Days
Source:
عكاظ
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Retirees' social insurance and loans
A program has been approved by Social Security in collaboration with a financial company to provide loans to retirees whose retirement pensions do not exceed a certain amount, with installment payments not exceeding a quarter of their salary. The program aims to enable retirees to buy a car, repair their home, or purchase a house. It is characterized by the absence of interest charges on the loans, and heirs are not responsible for repayment. It is worth noting that the majority of retirees worldwide have savings programs that allow them to meet their needs without relying on loans. The article emphasizes that current economic conditions call for more savings programs rather than loan programs, especially since some retirees spend their retirement period traveling and enjoying life, highlighting the importance of focusing on their financial stability.
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