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Riyadh /Â TNS
While total number of retirees from government jobs declined to lowest levels in 2015, early retirement rates among public sector employees increased as compared to 2014. A recent report by General Organization for Retirement revealed a 7.5 increase in early retirement among government sector employees last year.
According to report, the percentage of new retirees, as compared to total number, saw the highest percentage increase in 2007, with rate reaching 9.14 percent, as compared to 8.68 percent in 2006. Rates ranged from 6.76 to 9.14 percent during the past ten years.
Despite increase in the number of public sector employees, the number of new retirees declined in 2014 to 48,000 employees, down from 55,600 employees in 2014, 50.700 employees in 2013, and around 35,000 and 40,100 employees in 2011 and 2012 respectively.
Males accounted for 90.7 percent of retirees in 2015, while females accounted for 9.3 percent, according to the report. The total number of retirees as of the end of 2015 reached 710,600 retirees.