Muscat, The Board of Directors of the Public

Authority for Social Insurance (PASI) held its third meeting today under

the chair of Sheikh Abdullah bin Nasser al-Bakri, Minister of Manpower,

Chairman of the PASI Board of Directors.

The PASI Board of Directors expressed his delight for the

Sultanate, represented by PASI, winning certificates of merit in the

competition of the International Social Security Association for Best

Practices. He affirmed that these certificates are the result of efforts

exerted by those who work in this field to promote insurance work in

the Sultanate and a motivation to accomplish more achievements at

international level.

The Board also approved the PASI general budget for 2019. It

also discussed several issues related to the conditions of employers

and insured workers, the foremost of which is the revision of the terms

of reference for the eighth actuarial study, which will be implemented

by PASI as it was on 31/12/2017. The Board also discussed the study

conducted by PASI to review and assess the programmes and pension

benefits provided to the beneficiaries. Further, the Board discussed the

proposals submitted in relation to the treatment of some national

manpower groups that are not covered by the PASI insurance

umbrella.

The Board reviewed reports submitted on the investment side

concerning some existing construction projects. The meeting

concluded with a discussion of organizational guides to the work of

PASI in the area of auditing and risk management upon which

appropriate decision was taken.

Source: Oman News Agency