National Retirement Scheme Will Be Implemented In 2023

His Majesty's Government through the Ministry of Finance and Economy in collaboration with the Employee Trust Fund, TAP has introduced a new Retirement Scheme, which is the National Retirement Scheme, SPK which will be implemented in 2023.

In an exclusive interview, Awang Haji Muhammad Adfarul bin Haji Maz Adanan, Acting Deputy Managing Director of TAP explained that the new scheme is part of efforts by His Majesty's Government to continuously look after the welfare of the people as a whole and especially in terms of social protection before and after retirement. Awang Haji Muhammad Adfarul said, a thorough and detailed study of the effectiveness of TAP schemes has been completed. The main objective of the scheme is to improve the quality of life during retirement by providing inclusive and sustainable social security.

He added that among the benefits of the SPK is the additional production facilities before retirement, receive higher annuities after retirement for a period that can reach up to a lifetime. Further information on SPK can be followed through the Rampai Pagi interview session, on Thursday, the 12th of May 2022.

Source: Radio Television Brunei

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