annual report · » beneﬁciaries 27 ... (pasi) has the honor of presenting the 21st annual report...

Sultanate of OmanPublic Authority for Social Insurance

2014

The 21stANNUAL REPORTANNUAL REPORT

Sultanate of OmanPublic Authority for Social Insurance

The 21stANNUAL REPORT

-2-

"�e private sector is one of the basic pillars of development,

both in the economic concept, which represents commerce,

industry, agriculture, tourism, �nance and the economy

in general, as well as the social concept, which denotes

human resources development, training, the upgrading

of scienti�c and practical skills, the o�ering of new

employment opportunities and incentives to take up jobs

in the private sector."

Qaboos bin SaidSultan of OmanAnnual session of the Council of

Oman, November 2012

Guiding Words

His Majesty Sultan Qaboos bin Said

Contents

Title Page

Introduction 7

Board of Directors 8

Organizational Structure 9

Vision and Mission 10

Executive Summary 11

Insurance Activity Statistics 15

» Employer Indicators 16

» Insurees Indicators 17

» Beneficiaries 27

» Work Injuries Disbursed 29

» Financial Indicators 31

» Revenues 31

» Insurance Expenditures 32

Investment Indicators 33

Management and Development 37

» Human Resources 38

» Strategic Planning 39

» Media and Insurance Culture 40

» E-Services 41

» Policies and Procedures 42

» Other Activities and Achievements 43

Initiatives and Achievements 45

» Workshop for Development of the Second Phase of the Strategic Plan (2016-2020) 46

» Amendments of Social Insurance Law 46

» E-Linking with Ministry of Manpower 48

» International Participation 49

Statistical Annex 51

-6--6-

Tables of Statistical Annex

Table Title Page

1 Number of employers (active and new) for 2013 and 2014 52

2 Distribution of active employers by categories of the active insurees till the end of December 2014 52

3 Number of active insurees by gender till the end of December (2013 – 2014) 53

4 Number of new insurees by gender for (2013 – 2014) 53

5 Number of re-joined insurees by gender for (2013 – 2014) 54

6 Number of active insurees by categories of the insured wage and gender till the end of December 2014 54

7 Number of active insurees by age group and gender till the end of December 2014 55

8 Number of active insurees by governorates and gender till the end of December 2014 55

9 Average insured wage for active insurees by age group and gender till the end of December 2014 56

10 Number of active insurees by years of service and gender till the end of December 2014 56

11 Number of end of service by reasons and gender during 2014 57

12 Number of end of service by age group and gender during 2014 57

13 Number of end of service by month and reasons during 2014 58

14 Distribution of active insurees in the System of G.C.C Extension Coverage by state and gender till the end of December (2013 – 2014) 59

15 Distribution of active insurees in the Insurance System for Omanis employed Abroad and their equivalents by state and gender till the end of December (2013 – 2014) 59

16 Number of active insurees in the Insurance System of Self-Employed Omanis and their equivalents by gender till the end of (2013 – 2014) 60

17 Number of active insurees in the Insurance System of Self-Employed Omanis and their equivalents by governorate and gender till the end of 2014 60

18 Number of the active insurees in the Insurance System of Self-Employed Omanis and their equivalents by income categories and gender till the end of 2014 61

19 Number of the active insurees in the Insurance System of Self-Employed Omanis and their equivalents by age group and gender till the end of 2014 62

20 Total pensions (accumulatively) disbursed by type of benefit and gender (2013 – 2014) 62

21 Total end of service benefits and additional allowances disbursed by type of benefit and gender for (2013 – 2014) 62

22 Distribution of work injuries disbursed by age group and gender during 2014 63

23 Distribution of work injuries disbursed by cause of injury and gender during 2014 63

24 Types of revenues for (2013 – 2014) 64

25 Types of insurance expenditures for (2013 – 2014) 64

-7--7-

IntroductionThe Public Authority for Social Insurance (PASI) has the honor of presenting the 21st Annual Report for 2014 which includes the most prominent achievements of PASI and the amendments of the Social Insurance Law.

This report contains vital statistics and indicators on the functioning of PASI, including indicators relating to the numbers of active employers and the percentage of change thereof, as well as the growth in the number of active insurees and end-service beneficiaries, in addition to many of the indicators on the nature of PASI’ work such as financial and investment indicators, HR indicators, etc.

This report further highlights the efforts made by PASI at all levels to ensure the provision of its services in accordance with the best insurance-related international standards and focus on the optimum utilization of its financial and human resources.

PASI proceeded with providing and improving the social insurance services as to achieve the objectives and purposes for which it was originally formed including providing facilitating and adapting social insurance services to the beneficiaries' requirements and fostering the culture of insurance within the community.

PASI have also worked on enhancing its institutional performance efficiency and improving its services by employing and utilizes new technology in Social Security Section which will be reflected positively on its clients’ welfare and satisfaction.

The year 2014 was eventful by all means. PASI invested on continuing with its systems automatization and integrity, activating the electronic link with the Ministry of Manpower as to discard the forms of registering and terminating the insurees. Furthermore, the amendments of the Social Insurance Law pertaining to the method of estimating the wage subject of subscription as it includes now all allowances besides the basic salary as well as the method of calculating the retirement pension where the minimum amount thereof has been increased up to OMR (202.5).

With regard to planning, the year 2014 witnessed the follow-up of implementation of the strategic initiatives emanating from the First Phase of the PASI Strategic Plan(2011-2015), which was planned to be implemented in 2014; in addition to the development of the Second Phase of the Strategic Plan (2016-2020).

In conclusion, we deeply thank those who made every effort that contributed to attaining such achievements and look forward for more progress and development of the social insurance services under the wise leadership of His Majesty Sultan Qaboos bin Said, may the Almighty Allah bless and protect him.

-8-

- H.E Sheikh Abdullah bin Nasser Al-Bakri Minister of Manpower/Chairman

- H.E Hamad bin khamis Al-Amri Undersecretary of the Ministry of Manpower for Labour, Deputy Chairman.

- H.E Sheikh Dr. Abdulmalik bin Abdullah Al-Hinai Advisor of the Ministry of Finance- representative of the Ministry of Finance

- H.E Ahmed bin Sulieman Al-Maimani Undersecretary of the Ministry of Commerce and Industry for administrative, Financialand Regions Affairs- representative of the Ministry of Commerce and Industry

- H.E Saeed bin Saleh Al-KuyumiChairman of Oman Chamber of Commerce and Industry (Representative of Employers)

- Mr. Saif bin Mohammed Al-NabhaniAdvisor of the Ministry of Health- Director General of private health establishments/ Representative of Ministry of Health

- Mr. Khalfan bin Hareb Al-JabriDirector General of Planning and Studies / Representative of Ministry of Social Development

- Mr. Saleh bin Nasser Al-Araimi PASI's General Manager

- Sheikh Abdullah bin Sulieman Al Harthi Representative of Employers

- Mrs. Mariyam bint Khamis AL Hashar Representative of Employers

- Mr. Nabhan bin Ahmed Al-Batashi Head of General Federation of Oman Trade Unions (Representative of the insurees)

- Mr. Ishaq bin Juma Al-Kharusi Representative of the insurees

- Mr. Mazen bin Mubarek AL-Kharbooshi Representative of the insurees

Board of Directors

-9-

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Payr

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‘‘Ensuring social protection for the individual, the family

and the society under an insurance system based on

principles of justice, social solidarity, and characterized

with comprehensiveness and sustainability’’.

Our Vision

Our Mission

‘‘Provide social insurance services, strengthen the partnership between Stakeholders to achieve the ease and flexibility, quality and appropriateness that suit the nature and needs of their beneficiaries, and raise the level of awareness of insurance in the community, all through effective and efficient institutional performance that cope with social, economic and technological developments in the society’’.

Executive Summary

-12-

First: Insurance Activity Statistics1. Active employers » Number of active employers covered by the Social Insurance System increased to

(14116) employer in 2014 compared to (11130) in 2013 with a growth rate of (26.8%). » Growth rate of new employers raised by (165.1%) in 2014 compared to 2013.

2. Active Insurees in the Insurance Systems » The number of active insurees in the Social Insurance System increased to (197510)

in 2014 compared to (181860) in 2013 with a growth rate of (8.6%). » The number of active insurees ranging from 26 to 35 years in 2014 representing

(46.1%) of the total active insurees. » The majority of active insurees concentrated in the wage category of OMR (325-400)

in 2014, representing (24.9%) of the total active insurees. » The average of insured wage for the active insurees (male) amounted to OMR (624)

while the active insurees (female) amounted to OMR (513) in 2014, and average of total OMR (599) in 2014.

» The number of active insurees in the scheme of GCC extension coverage increased to (1552) in 2014 compared to (1409) in 2013 with a growth rate of (10.1%).

» The number of active insurees in the insurance scheme for Omani nationals employed abroad and their equivalents decreased from (48) in 2013 to (46) in 2014.

» The number of active insurees in the Insurance System of Self-Employed Omanis and their equivalents increased with (1032.7%) in 2014 compared to 2013.

3. Service Ended Employees » The number of the end of service(1) reached (54143) in 2014, which were (42261)

males and (11882) females. » The end of service due to resignation and termination of service reached (51252)

representing (94.7%) of the total end of service cases during 2014. » The average of the end of service cases reached (4512) cases during 2014 compared

to 2013 which was (3930) cases increasing by (14.8%).

4. Indicator of Registered » The number of registered in the year 2014 amounted to (67954) insurees, where

the number of male (50058), while the number of females (17896) , and the average number of registered during the year 2014 (5662) insurees.

» The number of the registered number of insurees with new insurance numbers (24590), which represented (36%) of the total registered number during 2014.

» The number of insurees registered as re-joined (43364), which represented (64%) of the total registered number during 2014.

(1) The end of service cases includes : resignation, termination of service, disability, death, transfer to another company and other reasons.

-13-

5. Insurance Bene�ts Bene�ciaries:

» The number of accumulative disbursement of pension’s cases increased to (10867) until the end of 2014 compared to (9848) by the end of 2013 with a growth rate of (10.3%).

» The disbursement of pension cases due to ageing accounted for (38.1%) of total pensions followed by Non-Occupational Death pension cases representing (35.5%) of total Pensions disbursed until the end of 2014.

6. Work Injuries Disbursed » The number of cases of work injuries in 2014 reached (401) compared to (482) during

2013, with a decline rate of (16.8%).

7. Financial indicators » PASI total revenues increased by a growth rate of (8.3%) in 2014 compared to 2013

where the monthly contributions(2) increased by (49%) compared to 2013. » Revenues of the monthly contributions in 2014 represented (89.1%) of the total

revenues while revenues of the investment returns were (10.9%). » Total insurance expenditure amounted to (40,022) million OMR until the end of 2014

compared to (33,352) million OMR in 2013 with an increase of (6,670) million OMR by a growth rate of (20%).

(2) The revenues of monthly contributions increased due to the monthly contributions were calculated based on the basic salary and allowances from the second half of 2014.

Second: Indicators of Investment » The accumulated Investments in equities represented (35%) of the total assets of

PASI’s total fund. » The local strategic equities portfolio in 2014 increase by (7.9%). » Local Bank deposits ratio increases during 2014 due to increased amounts of

contributions which increased during the year after the change in contributions ratios. » Return of investment accounted for (3.41%) in 2014 compared to (9.33%) in 2013.

�ird: Indicators of Human Resources » The number of PASI’s employees decreased by (2.3%) at the end of 2014 compared

to the year 2013. Their numbers reached to (335) male and female. » The number of employees who have a bachelor's degree reached (142) and they

represent the highest proportion of employees.

-۱٤-

Insurance Activity Statistics

-16-

» The active (one-employee employers) represented the highest percentage of the total active employers in 2014 by the categorization of the insurees. The number of one employee employers amounted to (7437) which represented (52.7%) of the total active employers while the employers with more than 100 Omani employees represented only (2.2%) of the total active employers by the end of 2014.

» The number of insurees in the employers with more than 100 Omani employees represented (64.1%) of the total insurees by the end of 2014. The number of insurees (males) within the category of the employers with more than 100 employees reached (107899) while the number of females amounted to (18852). Figure No (2) shows these numbers.

Figure No. (١)

Number of (active and new) employers for 2013 and 2014

Distribution of active employers by categories of active insurees till the end of December 2014

Figure No. (2)

Employer Indicators: » The numbers of active employers listed in PASI during 2014 increased by (2986)

employer compared to 2013 representing a growth rate of (26.8%). The number of new employers also increased by (165.1%) between 2014 and 2013. This growth is typically shown in Figure No. (1).

Active employers New employers

3693

1393

14116

2013 2014

11130

0

4000

8000

12000

16000

+ 10021 - 10011 - 206 - 102 - 510

28000

56000

84000

112000

140000 126751

35015

97917141113757437

�e insurees

4.7%5.5% 2.2%

12 - 56 - 1011 - 20

21 - 100+ 100

6.7%

+ 10021 10011 206 102 510

28000

56000

84000

112000

140000 126751

35015

97917141113757437

�e insurees

6.7%

Table 1

1 2 - 5 6 - 10 11 - 20 21 - 100 100 +

Series1 7437 3975 943 666 779 316

4.7%5.5%

4.7%

28.2%

52.7%

-17-

Number of the (active) insurees by gender for 2013 and 2014

Insurees Indicators:

1- (Active) Insurees In �e Social Insurance System

» Figure No (3) shows the increase in the number of active insurees working in the private sector between 2013 and 2014. The growth rate of males reached (6.3%) while it was (17.2%) for females in 2014 compared to 2013.

» Males represent (77.4%) while females represent (22.6%) of the total active insurees amounting to (197510) in 2014.

» The number of new entrants increased in the Social Insurance System in 2014. Thus the number of males amounted to (15738) while females reached to (8852) by the end of 2014

» The number of insurees re-joining in the System increased with (12.7%) in 2014 compared to the previous year that their number in 2013 reached to (38486) and increased to (43364) in 2014.

» Figure No (4) highlights the increase of the insurees listed in PASI and the employees working in the private sector whether they are new entrants or old insurees re-joining the system.

Figure No. (3)

152959143860

20142013

4455138000

40000

0

80000

120000

160000

Females Males

-18-

» In the second half of 2014, the monthly contribution by employees, employers and government started to be calculated based on the total wage paid to the employee in the private sector.

» By the end of 2014, the number of insurees whose wage is between OMR 325 and OMR 400 amounted to (49182) representing (24.9%) which is the highest percentage of the total insurees.

» The data of (17.4%) of the insurees was not updated according to the insured wage. » Average of the insured wage amounted to (OMR 624) for males and (OMR 513) for

females by the end of 2014. » Figure No (5) shows the number of insurees by categories of the insured wage.

Number of (new and re-joined) insurees for 2013 and 2014

Number of active insurees by categories of the insured wage until the end of December 2014

Date of the insured wage

was not updated

More than2000

More than1000 to 2000

More than900 to 1000

More than800 to 900

MalesFemales

More than700 to 800

More than600 to 700

More than500 to 600

More than400 to 500

325 to 400

Figure No. (4)

18079

New Re-joining

24590

38486

2014 2013

4336450000

37500

25000

12500

0

Figure No. (5)

3696138146

1222115064

3190

9866

2314

6386

16104539

14193361

1093

13179

31455511

611

19946

40000

32000

24000

16000

8000

0

14385

4563

-19-

» Figure No (6) shows the age hierarchy of the active insurees by gender till the end of December 2014. The majority of males and females is concentrated in the age group (26 – 30); this refers to that youth represents the greatest part of the Omani community.

» The average age is (33) years for males and (32) years for females. This is the same average for both as the previous year.

» Percentage of the insurees above the age of (60) is (0.9%) only.

» Figure No (7) represents the number of active insurees by the governorate(3) until the end of December 2014. Thus, their number in Muscat amounted to (71861) representing (36.4%) of the total active insurees. This percentage declined comparing with 2013.

» North Al-Batinah Governorate was the 2nd place of the active insurees with (17.9%) of the total. Al-Wusta Governorate was the last place with less than (1%) of the total active insurees until the end of December 2014.

Figure No. (6)

Hierarchy of the age groups of the active insurees by gender till the end of December 2014

16000

722

8583

12429

9218

6310

3411

2028

1262

468

1201589

4150

6776

7406

10200

19021

31922

37470

27335

7090

80000800016000240003200040000

46 - 50

41 - 45

36 - 40

31 - 35

26 - 30

21 - 25

51 - 55

55 - 60

above 60

Males Females

20 years and less

(3) The details of the active insurees for each governorate as shown in the ID's card.

-20-

» The lowest average of the insured wage for the active insurees is the age group (20 years and less). This is typically shown in Figure No. (8).

» Average of the insured wage for males belonging to (36 - 40) and (41 - 45) age groups reached to (OMR 775) for both.

» The highest average of the insured wage for females is in (31 – 35) age group amounting to (OMR 557).

Figure No. (8)

Figure No. (7)

Average of the insured wage for the active insurees by age group and gender till the end of December 2014

Und

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35308

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22603

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20 years and less

21 -2526 -3036 -4046 -5051 -5556 -60above 60

31 -35

328

366

433

464

419

526

524

603

439 497

592

557

684

Males Females

623

538

775

541

746

548

775

41 -45

Number of active insurees by governorates till the end of December 2014

80000

64000

48000

32000

16000

0

-21-

» Figure No (9) refers to the number of insurees in the private sector by years of service until the end of December 2014.

» Figure No (9) shows that (74.3%) of the insurees have less than (10) years of service while (0.5%) of the insurees have (30) years of service.

2- Cases of end of service

» The number of end of service cases increased between 2013 and 2014 since they were (47157) in 2013 and amounted to (54143) in 2014 with a growth rate of (14.8%).

» Resignation recorded the highest percentage of end of service cases, representing (70.3%) of the total during 2014.

» Disability was the lowest reason of the end of service for males, while the death was the lowest reason for females.

» Figure No (10) classifies the cases of the end of service by the reasons in 2014.

Figure No. (9)

59648

25935

Less than 5 years

From 5 to less than 10

years


years


years

Males Females


years


years

+30

49982

11152

23251

4122

12871

21364647

9411623221937440

15000

30000

45000

60000

Number of insures by years of service and gender till the end of December 2014

-22-

» We can deduce from figure No (11) that the number of the service-ended employees who belong to age group (20 years and less) represents the highest percentage of the total service-ended employees in 2014.

» (2.6%) of the service-ended employees in 2014 are concentrated in age group (above 50 year) .

» Males whose services are ended represent (78.1%) of the total in 2014, while females represent (21.9%).

Figure No. (11)

Figure No. (10)

Number of the service termination by age group and gender in 2014

The relative distribution of service termination cases during 2014

Resignation 70.3%

Terminationof service

24.4%

Disability0.2%

Death 0.5% Transfer to

another company2.6%

Others 2%

21 -2526 -3036 -4046 -50above 50

18000

13500

9000

0

4500

31 -3541 -45

16522

10542

6409

31551929135411171233

180 333 431 696 11942014

3296 3738

Males females

20 years and less

-23-

Janu

ary

42163795

47274886

4203

5199

3597

47455155

3820

4304

5496

Febr

uary

Mar

ch

April

May

June

July

Augus

t

Sepe

mbe

r

Octobe

r

Novem

ber

Decem

ber

» Number of the service-ended employees in December 2014 reached (5496) representing (10.2%) of the total service-ended employees during this year. This can be attributed to that some work contracts expire by the end of the year.

» Average of the total of service-ended employees for 2014 amounted to (4512) case monthly.

» Figure No (12) expresses the number of the service-ended employees by the month in 2014.

3- �e active insures in the system of GCC Extension Coverage and insurance system for Omanis working abroad and their equivalents:

» The number of the active insurees in the system of GCC Extension Coverage increased by (10.1%) in 2014 compared to 2013.

» In 2014, more than half of the insurees the system of GCC Extension Coverage employed in United Arab Emirates.

» Omanis working in private sector in Kuwait in 2014 represent (6.9%) only of the total insurees in the system of GCC Extension Coverage.

» Females covered by the system of GCC Extension Coverage in 2014 reached (23.1%) compared to males who reached (76.9%).

» Figure No (13) shows the number of the active insurees covered by the system of GCC Extension Coverage by state in 2013 and 2014.

Figure No. (12)

Number of the service termination by month in 2014

6000

45000

3000

0

1500

-24-

» The number of the active insurees in the Insurance System for Omanis working abroad and their equivalents in 2014 amounted to (46) with a decline rate of (4.2%) comparing with the previous year.

» (43.5%) of the active insurees in the Insurance System for Omanis working abroad and their equivalents in 2014 who worked in some of the embassies countries recognized by Sultanate of Oman.

» Figure No. (14) shows the comparison between the number of (active) insurees in the Insurance System for Omanis Working Abroad and their equivalents by state for 2013 and 2014.

Figure No. (14)

Figure No. (13)

The active insurees in the insurance system for Omanis working abroad and their equivalents by state for 2013 and 2014

Iraq UK USA Kuwait KSA Qatar Bahrain UAE Foreign embassies in Oman

202020

15

10

5

0

11

8

012

110

810

2013 2014

23

1 13

2

The active insures in the system of GCC Extension Coverage by state for 2013 and 2014

UAEBahrain Qatar KSAKuwait

704803

120113

246252230277

109107

0

225

450

675

900

2014 2013

-25-

4- Active insurees in the Insurance System of self-employed Omanis and their equivalents

» Social Insurance System of self-employed Omanis and their equivalents was applied one year ago. The number of those joining this system is ascending starting from its effective date in December 2013. Figure No. (15) refers to their increase between 2013 and 2014.

» Males represent (67.3%) of the total insures in the system of self-employed Omanis and their equivalents while females represent the rest.

» Numbers of the active insurees in the system of self-employed Omanis and their equivalents are distributed among all the governorates. However, Muscat was the top with (26.8%) of the total while North Al-Batinah was the second place with (19%) of the total).

» Figure No (16) classifies the active insurees in the system of self-employed Omanis and their equivalents by their governorates(4) until the end of 2014.

Figure No. (15)

(4) The details of the active insurees for each governorate as shown in the ID's card.

The active insurees in the system of self-employed Omanis and their equivalents for2013 and 2014

Females

826

1700

15964

Males

2013 2014

1800

1350

900

450

0

-26-

» The contributions of the insurees in the system of self-employed Omanis and their equivalents are calculated based on the income are chosen by the insurees as per the classification shown in Figure No. (17).

» More than half of the insurees in the system of self-employed Omanis and their equivalents are concentrated in the income category of (OMR 225 and less) at the end of 2014.

Figure No. (17)

Figure No. (16)

Active insurees in the system of self-employed Omanis and their equivalentsby categories of income and gender by the end of 2014

The active insurees in the system of self-employed Omanis and their equivalents by governorate until the end of 2014

Und

e�ne

d

28

144

480

218226

138

429

72

11

121

677

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Wus

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Ad-

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More than 250 to 400







570

148

73

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100

186

4386

10

98

2018225551

0

450

225

675

900

3

Males females

0

280

140

420

560

700

-27-

Indicators of bene�ciaries from the insurance bene�ts :

1-Disbursed Pensions (Cumulatively) until the End of 2014.

» The number cumulative pensions disbursement cases to beneficiaries entitled to this benefit increased to (10867) until the end of 2014 compared to (9848) by the end of 2013 with a growth rate of (10.3%).

» Disbursement of pensions cases due to Old Age Pensions are the highest among other Pensions, which accounted for (4140) case by the end of 2014 representing (38.1%) of total pensions followed by the cases of disbursement due to Non-Occupational Death representing (35.5%) of total Pensions disbursed until the end of 2014.

» Pensions for Non-Occupational Disability represented (18.4%) of total Pensions disbursed until the end of 2014.

» Figure No. (19) shows the number of cumulative disbursement of pension’s cases comparison between 2013 and 2014.

» Figure No. (18) represents the numbers of the insurees in the system of self-employed Omanis and their equivalents categorized by age group revealing that (20 years and less) is the least category of the total.

» (23.3%) of the total insurees belong to age group (31 – 35).

Figure No. (18)

Hierarchy of the active insurees in the system of self-employed Omanis and their equivalents by the end of 2014

250

1329

73163

142339

166423

177304

153

112

177

120

72

63

1250125250375500

36 - 40

31 - 35

26 - 30

21 - 25

41 - 45

46 - 50

Above 50

20 years and less

Males females

-28-

2-End of Service Bene�ts and Grants disbursed in 2014

» Nearly (2815) end of service benefit was disbursed for beneficiaries in 2014. » The end of service benefit paid to females to be free for family affairs was the highest

amount in 2014 with a total of (1308) case compared to (1201) case in 2013 and with a growth rate of (8.9%).

» Work injuries allowances in 2014 showed a decline rate of (58.2%) compared to 2013. » Grants paid to beneficiaries increased from (1686) cases in 2013 to (1877) in 2014 with a

growth rate of (11.3%). » Figure No. (20) compares the number of end of service benefits and grants disbursed in

2013 and 2014.

Figure No. (19)

Total Pensions Disbursed (cumulatively) by Benefit in 2013 & 2014

Pensions for Partial

Occupational Disability

Pensions for Full

Occupational Disability

Pensions forNon-Occupational

Disability

Subvention to the Loss of the Pensioner

due Non-Occupational

Pensions for Occupational

Death

Pensions for Non-

Occupational Death

Old Age Pensions

Pensions Pensions Pensions for Subvention Pensions for Pensions Old Age

37204140

35433861

49452111

17712003

4950270291

2013 2014

5000

3750

2500

1250

0

-29-

Indicators of Work Injuries Disbursed

» The disbursement for work injury cases in 2014 amounted to (401) compared to (482) in 2013 with a decline rate (16.8%).

» The disbursement for work injury represented (91%) for males and (9%) for females. » Work injuries due to road traffic accidents were the first place of the causes of injuries with

a percentage of (32.2%) of the total. » More than half of the disbursement for work injury concentrated in the age group (less than

36 years) representing (76.1%) while the rest are distributed on the other. » Figure No. (21) and (22) show the disbursement for work injury during 2014 by age groups

and causes respectively.

Figure (20)

End

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Total of the end services benefits and grants disbursed in 2013 and 2014

1455

580

6756

1449

564

341334294417

12011308

152192157217330281320272

879

1107

1600

1200

800

400

0

2013 2014

End

of se

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-30-

Figure No. (22)

Figure No. (21)

The relative distribution of work injuries disbursed by age group during 2014

Distribution of work injuries disbursed by the causes of injury during 2014

Others Cutting due

portable sharptools

Crashing with

movabledevices

Falling from

higherlevel

Cutting due to

mechanicdevices

Crashing with otherobjects

Getting crammed

among solid

objects

Falling of objects on theinjured

Worker's slippageor falling

Road Tra�c

accidents

139

73

5856

2014854

34

0

35

70

105

140

36-408%

41-456.2%

46-504.5%

More than 505.2%

31-3523.7%

26-3024%

21-2523.7%

20 years and less

4.7%

-31-

Financial Indicators:

1-Revenues indicators

» Figure no. (23) summarizes the PASI's revenues in 2013 and 2014 which the revenues of contributions increased with (49%) in 2014 comparing with 2013.

» Contributions revenues represented (89.1%) of the total annual revenues of PASI while investment revenues represented (10.1%) due to growing the revenues from contributions after applying comprehensive wage comparing with previous years and lower investment revenues .

Figure No. (23)

Types of revenues in 2013 and 2014

Investment RevenuesContributions Revenues

90%

80%

100%

64.7%

89.1%

2013 2014

35.3%

10.9%

30%

40%

50%

60%

70%

20%

10%

0%

2- Indicators of Insurance Expenditures

» Total insurance expenditures in 2014 amounted to nearly (40,022) million OMR with a growth rate of (20%) compared to 2013.

» Pension expenditure represented (67.8%) of the total insurance expenditures in 2014 with a growth rate of (18.4%) compared to 2013.

» Benefits formed (20.2%) of the total insurance expenditures in 2014 with a growth rate of (15.2%) compared to the previous year.

» Figure No. (24) reveals an increase of the insurance expenditures in 2014 compared to 2013.

Figure (24)

Types of insurance expenditures in 2013 and 2014 (RO’000)

22,902

30000

22500

15000

7500

02013 2014

8,099

27,117

Pensions Benefits Additional grants

Work injuries allowances

2683,154

7,028

4064,400

Investment Indicators

-34-

2014 witnessed a decline of the international oil prices which have impacted the GCC markets as well as the markets of the oil-exporting countries. The oil prices in Sultanate of Oman dropped at the end of 2014 by 50.5%. Muscat Securities Market declined by 15.4% in the last quarter of 2014 due to the oil prices fall. Such decline impacted PASI's investments causing PASI to reduce its local and international investing activities till the consequences of the oil international prices decline are made clear.

Government of the Sultanate of Oman has applied cautious procedures to deal with this decline through raising the gas prices for certain companies in the industrial sector. It also has reducing its capital expenditure for 2014; hoping that the oil prices would be recovered to avoid any budget deficits.

In 2014, PASI subscribed in right issue of some listed companies and added new shares purchases to its strategic portfolio from Muscat Securitas Market. PASI increased its investment with local discretionary portfolios that are managed for PASI.PASI participate with other fund to establish founding a real estate development company to be in charge of founding touristic projects in Sultanate of Oman. Furthermore, PASI paid capital calls for some existing as well as new foreign investments. The accumulated investments inequities amounted to (35%) of the total PASI's total fund. The local strategic equities portfolio increased in 2014 by 7.90% compared to Muscat Securities Market that decline by 7.19% for the same period of time.

PASI succeeded in investing with the only issuance for Central Bank of Oman for the year 2014 of government bonds Issue No (45). However, it couldn't invest in Certificate of deposit and corporate bonds since neither of them were issued this year as a result of high liquidity in the local banks. Bonds and CDs investments represent (15.5%) of the total PASI's fund by the end of 2014. Moreover, PASI added new foreign investments in Islamic Sukuk (financial certificates).

Bank deposits increased in 2014 due to the increase of the contribution value after the amendment of the contribution deductions percentage to be based on the total wage instead of the basic salary only.

The asset allocation of the PASI's total fund investments by the end of 2014 complied with the guidelines followed by PASI and the class percentage specified by the Executive Regulations for pension funds investment as stipulated in the Royal Decree 31/96 regulating the investments of the Omani pension funds. PASI's investment assets were distributed in accordance with the guidelines followed by PASI and to the investment opportunities available in the local as well as international markets. PASI's total fund achieves a yearly return of (3.41%) in 2014 compared to a return of (9.33%) in 2013. The following table shows the percentages of investments and returns during this year.

-35-

The actual investment assets and returns as shown in the end of December 2014:

S.N Type of investment Asset allocation % Yearly return

1 Equities 23.5% 4.99%2 Mutual funds 10.7% 2.90%3 Deposit certificates and bonds 15.5% 3.5%4 Alternative investments* 1.60% 15.40%5 Real estate investments 7.90% 3.80%6 Bank deposits 40.8% 1.3%

*Investments in private Equities funds and hedge funds

Geographic distribution, see the following table:

Local investments 86.5%Foreign investments 13.5

Total 100%

Distribution of PASI's investments on 31/12/2014

Figure (25)

Investment in Equities23.5%

Mutual funds10.7%

Private shares funds1.6%

Bonds and certificates 15.5%

Real estate investments 7.9%

Short-term assets40.8%

Management and Development

-38-

Human Resources:At the end of 2014, the number of PASI`s employees reached (335) male and female which decreased by (2.3%) compared to 2013. Number of males reached (241) representing (71.9%) of the total employees against (94) females with (28.1%).The following table shows the distribution of employees by educational level and gender in 2014:

Table No.1

Distribution of PASI`s employees by educational level and gender in 2014

Educational levelGender

Total % of totalMales Females

Below secondary 14 0 14 4%Secondary 84 30 114 34%Diploma 23 9 32 10%

University degree 99 43 142 42%Master 19 12 31 9%

PhD 2 0 2 1%Total 241 94 335 100%

As illustrated in the table above, the highest percentage of distribution of PASI`s employees by educational level was in the category of employees who obtained bachelor degrees representing (42%), followed by employees who had a Secondary Certificate, with (34%). Meanwhile, employees who obtained PhD degrees accounted for (1%) only of the total PASI`s employees.

Figure (26)

Proportional distribution of PASI's employees according to their level of education in 2014

Figure (26)Figure (26)Figure (26)Figure (26)

Secondary34%

PhD1%

Master 9%

University42%

Diploma10%

Below secondary4%

-39-

Strategic Planning:By the end of 2014, PASI completed the fourth year of implementation of its first five-years strategic plan for (2011 - 2015), this phase witnessed a lot of changes and achievements at the level of its various main strategic pillar, as well as completion of 10 strategic initiatives.

Under "Development of Institutional Services Pillar", PASI has completed the strategic initiative "Data update", and the initiative of preparing procedures manual–in Investments Department under the strategic pillar "development of Investment Activity". On other hand, under the pillar of building administrative capacity four initiatives have been completed including "Job descriptions, Establishment of Quality Department, Draft Study to evaluating the effectiveness of development and training in Programs at PASI and Establishment of Training Unit".

On another side, the initiative of "awareness of new insurance programs" and "Representing the academic material of cultivation" under the strategic pillar "Development of the insurance awareness and culture" were completed. Furthermore, the rest of the initiatives of the strategic pillar "Building technical and informational capacity" including "Establishment of the documents management system" and "Unified communication project" and first phase of "The electronic portal" were completed.

2014 also witnessed the preparation and formulating the second phase of the strategic plan (2016 – 2020) (SPSP), were including two important events: Firstly, introducing the new strategic approach to PASI employees, secondly, PASI Strategy retreat workshop to prepare the SPSP and determining PASI strategic directions for the next five years.

-40-

Media and Insurance Culture:PASI continues its efforts to work with different media means whether the traditional or the electronic ones to carry out its mission, in its pursuit to cope with the great development of the media means in the present and the continuing progress of the plans of extending the insurance protection aiming at raising the insurance culture among the insurees and employers who benefit from the insurance systems. PASI desires to highlight the importance of the various insurance systems and their role in protecting the national manpower in the private sector against the surrounding risks in the workplace in line with PASI's mission and vision.

PASI introduces the insurance culture through several media channels including the monthly publication "Takaful Tamini" which presents insurance media materials in a journalistic forms which highlight a lot group of issues which concern to those working in the private sector, employers and beneficiaries of the services provided by PASI. This publication includes (news, interviews, reportages, surveys, articles and others). In addition to preparing and updating a group of printings which offer various easy means to communicate with the beneficiaries and provide a better opportunity to identify the Social Insurance Law through interpreting it easily and briefly depending on an aesthetic artistic design.

Within the framework of enhancing local communication, PASI participates in several national events and festivals in the Sultanate in order to explain the significant insurance systems to the beneficiaries in addition to introduce PASI and confirm its image in its customers' minds including employers and employees. Furthermore, PASI seeks to introduce various services through its electronic portal which is the major source of satisfaction to the beneficiaries for being fast, accurate and time and effort saving. PASI amendes and upgrades the website with new news and materials related to its scope of work. PASI can be also found through the various social media channels such as (Facebook, Twitter, YouTube) for their high significance allowing accessibility to the society slide which uses such channels. PASI gives special interest to the international cooperation through communicating with the international organizations to support mutual cooperation with the international institutions, authorities and organizations interested in social insurance and coordination with the competent authorities for participating in conferences, symposiums, meetings and training programs held abroad.

-41-

E-Services:In order to keep pace with the national strategic of Oman's Digital Society and e-government, PASI has implemented a group of projects during 2014, most important of which are:

1. Commencement of the first phase of the project of e-portal which provides services to employers and the insurees, including registration, ending of service, salaries variables, payment bills and updating workers data.

2. Application of the new amendments to law under the Royal Decree No. (61/2013) which included a number of advantages and improvements for insurance benefits provided by PASI, the most important of which is adding the allowances within the insured wage

3. Activation of e-linking with the Ministry of Manpower and reliance on data of employment contract in registration process without any need to register in PASI, making a big impact on speeding up and simplifying procedures of registration and end of service.

4. Creation of new outlets for PASI in Manpower Bureau in Al-Duqm and in the Public Authority for Development of SMEs.

5. Generalization of inbox and outbox system on heads of sections and branches managers.

6. Application of the unified communications system aiming at unifying communications environment in PASI where the employee can carry his own phone number wherever he goes inside the building. The system provides features such as communication in a group, call forwarding, conversation, voice mail, video calling and remote assistance.

7. Upgrading the network directory system (Active Directory) to the new system (Windows 2012 R2).

8. Application of System Management Solution where the system provides a number of features including remote control, hardware asset management and program measurement.

9. Preparation of Disasters Recovery Site through providing the environment (Standby Database) for insurance systems to ensure continuity of work.

10. Application of a new system for data backup using "Deduplication" technique from (EMC) Company which aims at speeding up backup operations where the system forwards another identical backup to Disasters Recovery Site (DR Site) in the National Data Center of Information Technology Authority.

-42-

Policies and Procedures:PASI has been responsible for developing Internal Policies and Procedures to facilitate customers avail the deliverables set by Regulatory procedures.

PASI’s goal is to ensure that all policies and procedures be made available to all staff and that the same be written in such a way as to clearly specify the policies and procedures for any given matter.

All policies and procedures should address and satisfy the following three basic functions:-

1. Articulate clearly the Departments mission, philosophy and goals;

2. Define all ethical, strategic, operational, financial and organizational parameters within which the department interacts with its employees, and

3. Provide a sound framework for logical and consistent management decisions.

PASI's motive is to build robust internal policies and procedures that will help it achieve its stated Vision, viz., "To ensure social protection of the individual, the family and society under a comprehensive and permanent insurance system based on principles of justice and social solidarity."

As on date 17 Policies and Procedures are approved and 14 Policies and Procedures are in final draft stage.

Listed below are the Policies and Procedures completed in 2014:

» Quality Assurance Policies and Procedures

» Internal Archival Department Policies and Procedures

» Security Office Policies and Procedures

» Tender Committee Charter

11. Application of movements record management system which deals with large files arising from the movements occur in devices and systems, helping to analyze such data, reporting any gap or lacuna and taking the procedures necessary for protection of these systems and devices.

12. Application of a number of policies and regulations as stipulated by Information Security Policy approved by PASI.

-43-

Other Activities and Achievements:

» Opening an outlet in Public Authority for Development of SMEs to provide insurance services for employers and their equivalents.

» Expanding provision of insurance services by opening a new hall next to the old one in Sohar Branch.

» Opening Duqm outlet to provide insurance services in Al-Wusta Governorate.

» Opening an outlet in the Insurance Service Department to receive complaints and follow-up of Insurance Inspection Department.

» E-linking of registration and completion of the services of the employers and insurees directly after approving the contract by Ministry of Manpower. Accordingly, the employer does not need to go to PASI and fill in the form of registration and end of service for the insurees.

» Application of e-archiving system for all forms of the insurees.

» Working on implementation of the ministerial decision no. (9/2014) regarding determination of the allowances that are added to insured wage for all active employers with PASI starting from of 01/07/2014.

Initiatives and Achievements

-46-

Workshop for Development of the Second Phase of the Strategic Plan (2016-2020):PASI organized, during Nov 2014, a workshop for preparation of the Second Phase of the Strategic Plan (2016-2020) with participation of a large number of PASI's employees who represented all divisions and departments. One of the objectives of this workshop was to determine PASI's strategic directions for the next five years, in addition to enhancing strategic planning culture with its employees through explaining importance of the strategic planning and its positive impact.The workshop has concluded many outputs, of which is internal and external environments analysis using (SWOT) analysis and external environment analysis model (PESTEL) in addition to proposing a number of the core values and a number of the basic strategic pillars on which the new strategy will be based. A number of strategic goals and initiatives have been also developed.This workshop is the first step of applying balanced scorecard methodology (BSC) and representing one on nine steps according to BSC.PASI used the BSC methodology to build the SPSP which is mainly depends on participation and communication principles.

Amendments of Social Insurance Law

PASI develop and update its insurance systems continuously. Therefore, the Minister of Manpower, Chairman of PASI, has issued two ministerial decisions No. (8/2014) and (9/2014).Article (1) of the decision No (8/2014) replaces Article No (3) of the Ministerial Decision No (126/92) with the following text:((The insurance contributions stipulated in the Social Insurance Law will be calculated according to the insuree’s basic salary and allowances taking into consideration the changes that may be introduced during the same month subject that the total number of changes to the insured wage is four times during one Gregorian year.The employer shall pay the full contributions due from him and the insurees to the PASI at stipulated dates. The employer should advise PASI of any changes in wage of insurees and pay the monthly contributions with the differences resulting from such changes within 10 days in the following month at which these contributions are due to PASI.

-47-

Article one of the decision No (9/2014) states that:((The contributions for insurance, as stipulated in the Social Insurance Law, will be calculated according to the basic salary and allowances, regardless of their type or how they are calculated, subject to a maximum of 3,000 Omani Rials. Article two states that the allowance stated in the first article and given in cash or in kind, will be calculated at the insured wage on which the contribution is made on condition that it is paid to the insurees with the basic salary either monthly or regularly subject to a minimum of four times a year. It states that the employer has no jurisdiction to this payment.Article three states that the employer governed by the Social Insurance Law, should include in his financial bylaws and systems all the due allowances for the employees or their equivalent if they are paid in kind)).Therefore, all allowances whatever their type or the method used for their determination have been added to the basic salary according to which the insurance contributions are calculated. Conversely, the insurance benefits due to the insurees are calculated on the basis of the new insured wage. Of the most prominent amendments made to Social Insurance Law is raising the coefficient of calculation of old age pension from (2.5%) to (3%), thus, old age pension is calculated by (3%) of the average monthly salary based on which the insurance contribution is paid during the last five years of the term of contribution in insurance or contribution term if was less this multiplied by full years of contribution in insurance with a minimum of (OMR 202.500) two hundred and two and half Omani Rials monthly and a maximum of (80%) of the average along with maintaining the above-mentioned conditions of entitlement of old-age and premature aging pension.Concerning the percentages of the new contributions stated by the Royal Decree No (61/2013), they are distributed among the employer, the insuree and the government where the employer shall pay a percentage of (11.5%) of the overall salary of the insuree while the insuree shall pay a percentage of (7 %) of his overall salary and the government contributes with a percentage of (5.5 %).Raising the disability and death pension due to non-occupational cause from (40%) to (50%) of the insured wage or old-age pension whichever is greater. Raising the daily allowance for work injury from (75%) of the daily basic salary to (100%) of the new daily salary for six months period, then by (75%) for the following six months.

-48-

e-Linking with Ministry of Manpower:

In September 2014, PASI, in collaboration with Ministry of Manpower, started the implementation of an e-Linking service to reflect the data of registration and service termination of the Omani employees covered by the Social Insurance Law. This service aimed to dispense the use of both registration and termination forms of the employees and rely on the data from the employment contract and service termination which are registered in the Ministry of Manpower systems. The E-Linking service will allow the automatic transfer of the data to be reflected in PASI's systems.

To keep pace with e-Government transformation plan, this collaboration established between PASI and the Ministry to simplify workflow of the registration and service termination procedures for the employers. In contrast with the previous procedures, this service has facilitated the procedures for the employers and to save their time and efforts.

With this e-linking, the unified contract service for the employees is made between PASI and the Ministry of Manpower, where the data are reflected automatically in PASI's systems where the internal controls are established to review the reflected data.

PASI, in collaboration with Ministry of Manpower, had defined the e-linking service through various mass media to enlighten the employers and employees who have expressed their satisfaction with this service since it saves their time, cost and efforts and it partially solves the problems of non- adherence to the social insurance law as some employers register the workers with the Ministry of Manpower only without registering them in PASI which cause the difference in the data between the Ministry of Manpower and PASI.

As a next step to develop this service and to raise the accuracy and integrity of insurees and employers data, PASI aimed to cooperate with the Ministry of Commerce and Industry and the Directorate General of Civil Status.

-49-

International Participation:

During 2014, PASI continued its efforts to participate in many of the regional and

international forums, workshops, conferences, symposiums and meeting places in

order to identify the leading experiments in social insurance and pension systems.

These participations can be summarized in the following:

» The Second Arab Forum on Development and Employment, titled “Towards

Social Protection and Sustainable Development" from (24-25) February 2014,

organized by the Arab Labor Organization.

» The tenth periodic seminar of the Civil Retirement and Social Insurance

Institutions, from (9-10) April 2014, organized by the General Secretariat of the

Gulf Cooperation Council(GCC).

» National Symposium on Social Protection between Reality and Expectations,

from (10-12) May 2014, organized by the Arab Labor Organization.

» A new look to social protection in an Arabian changing world, from (13-15)

may 2014, organized by the Arab Labor Organization, Regional Office for Arab

States.

» Economic Citizenship Workshop - Rights and Duties, from (19-20) August 2014,

organized by the General Secretariat of the Gulf Cooperation Council.

» Innovative Social Networking Conference to Promote Joint Action and Smart

Governance, from (17-18) September 2014, organized by Social Media.

» Workers' Health Protection Workshop, from (20-23) October 2014, organized by

British Association of Occupational Health.

» Milliman GCC Public Pension Funds Conference, from (22-23) October,

organized by Milliman Company.

» World Pension, from (5-11) November 2014, organized by PROMEDIA.

» Investment of Social Security Funds, from (9-11) December 2014, organized by

International Social Security Association.

» Periodic meetings of the Standing Technical Committee of the Extension

Coverage of G.C.C

Statistical Annex

-52-

Table (1): Number of employers (active and new) for 2013 and 2014

DescriptionYear

2013 2014

Active employers till the end of December 11130 14116

٪ of change -- 26.8%

New employers during this year 1393 3693

٪ of change -- 165.1%

Table (2): Distribution of active employers by categories of the active insu-rees till the end of December 2014

Catego-ries of the insurees

Employers Insurees Average insurees in each

employerNo.% of

the total employers

Males Females Total% of the

total active insurees

1 7437 52.7% 3604 3833 7437 3.8% 1

2-5 3975 28.2% 5949 5426 11375 5.8% 3

6-10 943 6.7% 4056 3085 7141 3.6% 8

11-20 666 4.7% 6389 3402 9791 5% 15

21-100 779 5.5% 25062 9953 35015 17.7% 45

+100 316 2.2% 107899 18852 126751 64.1% 401

Total 14116 100% 152959 44551 197510 100% 14

-53-

Table (3): Number of active insurees by gender for 2013 and 2014

Gender Year

2013 2014

Males 143860 152959


Females 38000 44551


Total 181860 197510


Table (4): Number of new insurees by gender for 2013 and 2014

Gender Year

2013 2014

Males 12422 15738

% of change -- 26.7%

Females 5657 8852


Total 18079 24590

% of change -- 36%

-54-

Table (5): Number of re-joined insurees by gender for 2013 and 2014

Gender Year

2013 2014

Males 31803 34320

% of change -- 7.9%

Females 6683 9044


Total 38486 43364


Table (6): Number of active insurees by categories of insured wage and gender till the end of December 2014

Categories of insured wage (OMR)Gender

Males Females Total % of total ac-tive insurees

325 to 400 36961 12221 49182 24.9%

More than 400 to 500 38146 4563 42709 21.6%

More than 500 to 600 15064 3190 18254 9.2%

More than 600 to 700 9866 2314 12180 6.2%

More than 700 to 800 6386 1610 7996 4%

More than 800 to 900 4539 1419 5958 3%

More than 900 to 1000 3361 1093 4454 2.3%

More than 1000 to 2000 13179 3145 16324 8.3%

More than 2000 5511 611 6122 3.1%

Data of insured wage not updated 19946 14385 34331 17.4%

Total 152959 44551 197510 100%

Average insured wage 624 513 599

-55-

Table (7): Number of active insurees by age group and gender till the end of December 2014

Age group(years)

Gender

Males Females Total % of total active in-surees

20 years and less 7090 722 7812 4%21 – 25 27335 8583 35918 18.2%26 – 30 37470 12429 49899 25.3%31 – 35 31922 9218 41140 20.8%36 – 40 19021 6310 25331 12.8%41 – 45 10200 3411 13611 6.9%46 – 50 7406 2028 9434 4.8%51 – 55 6776 1262 8038 4%55 – 60 4150 468 4618 2.3%

Above 60 1589 120 1709 0.9%Total 152959 44551 197510 100%

Average age 33 32 33

Table (8): Number of active insurees by governorates* and gender till the end of December 2014

GovernorateGender

Males Females Total % of total active insurees

Muscat 47788 24073 71861 36.4%

Dhofar 8117 3521 11638 5.9%

Musandam 849 142 991 0.5%

Al-Buraymi 2517 633 3150 1.6%

Ad-Dakhiliyah 19691 2912 22603 11.4%

South Ash-Sharqiyah 9830 1496 11326 5.7%

North Ash-Sharqiyah 9533 1738 11271 5.7%

South Al-Batinah 15489 3140 18629 9.4%

North Al-Batinah 29782 5526 35308 17.9%

Ad-Dhahirah 7660 1012 8672 4.4%

Al-Wusta 886 76 962 0.5%

Undefined 817 282 1099 0.6%

Total 152959 44551 197510 100%

* The details of the active insurees for each governorate as shown in the ID's card.

Table (9): Average insured wage for active insurees by age group and gen-der till the end of December 2014

Age group(years)

GenderMales Females Total

20 years and less 366 328 362

21 – 25 464 433 455

26 – 30 603 524 581

31 – 35 684 557 652

36 – 40 775 538 711

41 – 45 775 548 713

46 – 50 746 541 698

51 – 55 623 497 601

55 – 60 592 439 574

Above 60 526 419 518

Total 624 513 599

Table (10): Number of active insurees by years of service and gender till the end of December 2014

Years of ServiceGender


Less than 5 years 59648 25935 85583 43.3%

From 5 to less than 10 years 49982 11152 61134 31%

From 10 to less than 15 years 23251 4122 27373 13.9%




+30 937 44 981 0.5%

Total 152959 44551 197510 100%

-56-

Table (11): Number of end of service by reasons and gender during 2014

Reason of end of ser-vice

Gender

Males Fe-males Total % of Employees who

ended their services

Resignation 29349 8702 38051 70.3%

Termination of services 10801 2400 13201 24.4%

Disability 113 20 133 0.2%

Death 241 13 254 0.5%

Transfer to another company 1036 387 1423 2.6%

Others 721 360 1081 2%

Total 42261 11882 54143 100%

Table (12): Number of end of service by age group and gender during 2014

Age group

(years)

Gender

Males Females Total % of Employees who ended their

services

20 years and less 16522 3738 20260 37.4%

21 – 25 10542 3296 13838 25.6%

26 – 30 6409 2014 8423 15.6%

31 – 35 3155 1194 4349 8%

36 – 40 1929 696 2625 4.8%

41 – 45 1354 431 1785 3.3%

46 – 50 1117 333 1450 2.7%

Above 50 1233 180 1413 2.6%

Total 42261 11882 54143 100%

-57-

-58-

Table (13): Number of end of service by month and reasons during 2014

Month

end of service Reason

Resignation Termination of services Disability Death

Transfer to

another company

Others Total

% of Employees who ended

their services

January 2697 1178 8 18 274 41 4216 7.8%

February 2695 895 11 26 142 26 3795 7%

March 3402 1143 14 28 101 39 4727 8.7%

April 3595 1040 9 22 186 34 4886 9%

May 3169 873 16 22 98 25 4203 7.8%

June 3500 1312 7 26 323 31 5199 9.6%

July 2381 1112 13 17 61 13 3597 6.6%

August 3382 1174 18 21 123 27 4745 8.8%

September 3596 1288 6 14 60 191 5155 9.5%

October 2727 799 4 14 7 269 3820 7.1%

November 3070 1018 16 16 23 161 4304 7.9%

December 3837 1369 11 30 25 224 5496 10.2%

Total 38051 13201 133 254 1423 1081 54143 100%

Monthly average 3171 1100 11 21 119 90 4512

-59-

Table (14): Distribution of active insurees in the System of G.C.C Extension Coverage by state and gender till the end of December 2013 and 2014

State

Year

2013 2014

Males Females Total Males Females Total

UAE 535 169 704 589 214 803

Bahrain 95 25 120 86 27 113

Qatar 192 54 246 180 72 252

KSA 218 12 230 254 23 277

Kuwait 85 24 109 85 22 107

Total 1125 284 1409 1194 358 1552

% of gender out of the total 79.8% 20.2% 100% 76.9% 23.1% 100%

Table (15): Distribution of active insurees in the Insurance System for Omanis employed Abroad and their equivalents by state and gender till the end of December 2013 and 2014

State

Year

2013 2014

Males Females Total Males Females TotalForeign embassies in

Sultanate of Oman 15 5 20 13 7 20

UAE 11 0 11 8 0 8

Bahrain 0 0 0 1 0 1

Qatar 2 0 2 1 0 1

KSA 1 0 1 0 0 0

Kuwait 8 0 8 10 0 10

USA 2 0 2 3 0 3

UK 1 0 1 1 0 1

Iraq 3 0 3 2 0 2

Total 43 5 48 39 7 46

% of gender out of the total 89.6% 10.4% 100% 84.8% 15.2% 100%

-60-

Table (16): Number of active insurees in the system of self-employed Omanis and their equivalents by gender till the end of 2013 and 2014

GenderYear

2013 2014

Males 159 1700

% of change -- 969%

Females 64 826

% of change -- 1191%

Total 223 2526

% of change -- 1032.7%

Table (17): Number of active insurees in the system of self-employed Omanis and their equivalents by governorate* and gender til the end of 2014

GovernorateGender


Muscat 416 261 677 26.8%

Dhofar 73 48 121 4.8%

Musandam 10 1 11 0.4%

Al-Buraymi 52 20 72 2.9%

Ad-Dakhiliyah 311 118 429 17%

South Ash-Sharqiyah 98 40 138 5.5%

North Ash-Sharqiyah 138 88 226 8.9%

South Al-Batinah 154 64 218 8.6%

North Al-Batinah 342 138 480 19%

Ad-Dhahirah 100 44 144 5.7%

Al-Wusta 5 3 8 0.3%

Undefined 1 1 2 0.1%

Total 1700 826 2526 100%

* The details of the active insurees for each governorate as shown in the ID's card.

-61-

Table (18): Number of the active insurees in the system of self-employed Omanis and their equivalents by income categories and gender til the end of 2014

Income categories (OMR)

Gender


225 or less 821 570 1391 55.1%

More than 225 to 250 148 73 221 8.7%

More than 250 to 400 267 100 367 14.5%

More than 400 to 600 186 43 229 9.1%

More than 600 to 800 86 10 96 3.8%

More than 800 to 1000 98 20 118 4.7%

More than 1000 to 1200 18 2 20 0.8%

More than 1200 to 1500 25 5 30 1.2%

More than 1500 to 3000 51 3 54 2.1%

Total 1700 826 2526 100%

Table (19): Number of the active insurees in the system of self-employed Omanis and their equivalents by age group and gender til the end of 2014

Age Group (Years)Gender


20 years and less 29 13 42 1.7%

21 – 25 163 73 236 9.4%

26 – 30 339 142 481 19%

31 – 35 423 166 589 23.3%

36 – 40 304 177 481 19%

41 – 45 153 120 273 10.8%

46 – 50 112 72 184 7.3%

Above 50 177 63 240 9.5%

Total 1700 826 2526 100%

-62-

Table (20): Total pensions (accumulatively) disbursed by type of benefit and gender for 2013 and 2014

Type of benefitYear

2013 2014Males Females Total Males Females Total

Old age pensions 3196 524 3720 3534 606 4140

Non-occupational death pensions 3377 166 3543 3684 177 3861

Occupational death pensions 477 17 494 504 17 521

Subvention to the Loss of the Pensioner due non-occupational 1 0 1 1 0 1

Non- occupational disability pensions 1420 351 1771 1615 388 2003

Full occupational disability pensions 47 2 49 47 3 50

Partial occupational disability pensions 254 16 270 273 18 291

Total 8772 1076 9848 9658 1209 10867

Table (21): Total end of service benefits and additional allowances disbursed by type of benefit and gender for 2013 and 2014

Type of benefitYear

2013 2014Males Females Total Males Females Total

Daily allowance in case of work injury 1360 95 1455 514 66 580

Work injury lump sum compensation 60 7 67 52 4 56

End of service benefit due to joining Institution with no contribution exchange with PASI 1428 21 1449 546 18 564

End of service benefit due to a disease Reducing ability to work 333 8 341 323 11 334

End of service benefit due to reaching the pension age 267 27 294 381 36 417

End of service benefit only for female to be free for family affairs 0 1201 1201 0 1308 1308

End of service benefit due to other reasons 147 5 152 186 6 192

Pensioner's daughter marriage grant 151 6 157 215 2 217

Funeral grant 311 19 330 266 15 281

Death grant 301 19 320 257 15 272

End of service grant 753 126 879 985 122 1107

Total 5111 1534 6645 3725 1603 5328

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Table (22): Distribution of work injuries disbursed by age group and gender during 2014

Age Group (Years)Gender


20 years and less 19 0 19 4.7%

21 – 25 80 15 95 23.7%

26 – 30 89 7 96 24%

31 – 35 90 5 95 23.7%

36 – 40 29 3 32 8%

41 – 45 23 2 25 6.2%

46 – 50 14 4 18 4.5%

Above 50 21 0 21 5.2%

Total 365 36 401 100%

Table (23): Distribution of work injuries disbursed by cause of injury and gender during 2014

cause of injuryGender

Males Females Total % of total ac-tive insurees

Road traffic accidents 108 21 129 32.2%

Worker's slippage or falling 66 7 73 18.2%

Falling of objects on the injured 56 2 58 14.4%

Getting crammed among solid objects 53 3 56 14%

Crashing with other objects 20 0 20 5%

Falling from higher level 14 0 14 3.5%

Cutting due to mechanical devices 7 1 8 2%

Crashing with movable devices 5 0 5 1.2%

Cutting due portable sharp tools 4 0 4 1%

Others 32 2 34 8.5%

Total 365 36 401 100%

-64-

Table (24): Types of revenues for 2013 and 2014

Types of revenuesYear

2013 2014

Investment revenues 35.3% 10.9%

% of change -- -66.5%

Contributions revenues 64.7% 89.1%

% of change -- 49%

Total 100% 100%

% of change -- 8.3%

Table (25): Types of insurance expenditures for 2013 and 2014

Types of expenditures

Year

2013 2014

Amount (RO'000)

% of the total expenditures

Amount (RO'000)

% of the total expenditure

Pensions 22,902 68.7% 27,117 67.8%

Benefits 7,028 21.0% 8,099 20.2%

Grants 3,154 9.5% 4,400 11%

Work injury allowances 268 0.8% 406 1%

Total 33.352 100% 40.022 100%

The 21stANNUAL REPORT

annual report · » beneﬁciaries 27 ... (pasi) has the honor of presenting the 21st annual report...

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