Date set for asset transfer to Social Protection Fund

MUSCAT: The Social Protection Fund has set a date for the completion of the transfer of ownership of assets from several pension funds to the Social Protection Fund, as part of the implementation of the unified pension and social protection system in the Sultanate of Oman.

Article 1 of Decision No (R/11/2026) stipulates that the effective date of the decision shall be the date for the completion of the transfer of ownership of assets from seven pension funds to the Social Protection Fund. The funds are: the Civil Service Employees Pension Fund, the Royal Oman Police Pension Fund, the Royal Guard of Oman Pension Fund, the Sultan’s Special Force Pension Fund, the Internal Security Service Pension Fund, the Royal Office Pension Fund and the Royal Court Employees Pension Fund.

Article 2 stipulates that the decision should come into effect on the day following the date of its publication in the Official Gazette.

The decision marks an important organizational step for completing the procedures for transferring ownership of assets belonging to the covered pension funds to the Social Protection Fund, thereby enhancing the unification of the management of investment and financial assets related to pension systems within a unified institutional framework.