Doha: General Retirement & Social Insurance Authority (GRSIA) is set to host the periodic Gulf symposium today on the significance of promoting the concept of savings and its relationship with pensions and the adequacy of voluntary programs offered by pension funds, with the participation of GCC countries, to achieve this concept, and will last for two days.
The opening session of the symposium discusses the investment of pension contributions compared to private saving, while the second session reviews investments challenges available for pension funds, in addition to the role of savings in bridging the gap in the rate of income replacement.
On the second day of the event, the third session is set to compare the risks between retirement investments and private investments, while the fourth session deals with combing the social protection systems into the savings system and the importance of saving in diversifying the sources of risk for the individual.
The symposium concludes with a summary of the discussions findings and appropriate recommendations.
The periodic symposium is set to be convened based on the recommendations of the meetings of the committee of GCC heads of pension and social security agencies. The specialized symposiums on retirement and social security matters are periodically convened as each session is usually convened in a Gulf country.
