Number of public sector pensioners drops in September 2020

Oman Sunday 06/December/2020 16:56 PM
By: Times News Service
Number of public sector pensioners drops in September 2020

Muscat: The number of pensioners registered with public sector pension funds in the Sultanate at the end of September 2020 was 197,489, which is a drop of 0.3% compared to the previous month. 

According to the latest data released by the National Centre for Statistics and Information (NCSI), the total number of pensioners at the end of September 2020 included 114,553 males and 82,936 females.

According to the category of wages subject to the contribution, the highest number of pensioners was in the wage category from OMR 1,000 to less than OMR 2,000, reaching 59,205 pensioners. This was followed by the category from OMR 700 to less than OMR 800, reaching 37,816.

The number of pensioners with wages from OMR 800 to less than 900 was 30,276 and those with wages from OMR 600 to less than OMR 700 was 19,935. There were 18,720 pensioners with wages ranging from OMR 325 to less than OR 400, and 16,753 pensioners with wages from OMR 500 to less than 600. The lowest number of pensioners was in the wage category from OMR 2,000 and above, reaching 4,056.

By age category, pensioners between 35 and 39 years topped the list, reaching 54,088, followed by those between 30 and 34 years, reaching 43,418 pensioners. Those between 40 and 44 years and those between 45 and 49, reaching 40,815 and 21,547, respectively, followed this. Those between 15 and 19 years were the lowest, with the number reaching just 3.

The Sultanate has various pension funds in the public sector, including funds at the Civil Service, Diwan of Royal Court and Central Bank of Oman.