Number of pensioners registered with public sector funds declines

Muscat: The number of pensioners registered with public sector pension funds in the Sultanate in September 2019 was 201,809, which is a drop by 0.1 per cent compared to August 2019.
According to the latest data released by the National Centre for Statistics and Information (NCSI), the total number of pensioners in September 2019 included 119,335 males and 82,474 females.
Highest number of pensioners
According to category of wages subject to contribution, the highest number of pensioners was in the wage category from OMR1,000 to less than OMR 2,000, reaching 59,913. This was followed by the category from OMR700 to less than OMR800, reaching 35,720.
The number of pensioners with wages from OMR800 to less than OMR900 was 31,793 and those with wages from OMR325 and less than OMR400 was 20,142. There were 16,663 pensioners with wages ranging from OMR500 to less than OMR600, and 20,271 pensioners with wages from OMR600 to less than OMR700. The lowest number of pensioners was in the wage category from OMR2,000 and above, reaching 4,972.
According to the report, 12.4 per cent of Omanis working in the public sector are subject to a wage category ranging from OMR325 to less than OMR 500 per month.
The proportion of female Omanis working in the public sector at the end of September 2019 reached 40.9 per cent.
By age category, pensioners between 35 and 39 years topped the list, reaching 53,367, followed by those between 30 and 34 years, reaching 47,566. This was followed by those between 40 and 44 years and those between 25 and 29, reaching 37, 803 and 20,696, respectively. Those between 15 and 19 years were the lowest, with the number reaching just 16.
The Sultanate has various pension funds in the public sector, including funds at the Civil Service, Diwan of the Royal Court and Central Bank of Oman.