- Social Security Roundtable 2007: Roundtable Report, American Insurance Group (AIG)
The American Insurance Group (AIG) provided a report describing the Supplemental Contributory Plan (now called Retirement Income Plan) which was presented during the Social Security Roundtable 2007. The study is designed to enhance Brunei's current pension system for employees who began work after 1992 by mandating contributions targeted for lifetime monthly income during retirement.
A new Retirement Income Plan (RI Plan) was designed to complement the existing Old Age Pension (OAP) and Employees Trust Fund (TAP) programmes. The RI Plan is intended to focus exclusively on creating additional retirement income benefits. |
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Economic Diversification, Mark Crosby
Mark Crosby from Melbourne Business School identified that Brunei is rich in its oil and gas industry and that this will run out in about 15 years time. This report provided details and necessary measures for Brunei to become a diversified, private sector oriented economy in order to be well-prepared when the country exhausts its natural oil and gas.
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Economic Diversification in Brunei Darussalam, Manu Bhaskaran
The economic diversification as identified by Manu Bhaskaran from The Centennial Group has not been very successful in Brunei Darussalam. There is still a quite high reliance on the oil and gas sector, despite the efforts being made to diversify its market.
A number of weaknesses were addressed and recommendations in the report indicated how to create a better enabling environment and how the government can play a pro-active role in the country's development.
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Brunei Pension Report, The World Bank
The World Bank prepared an evaluation of policy options for the establishment of a Supplementary Contributory Pension Scheme (SCP) and related life insurance policy. In order to supplement the minimum amount currently provided under the Old Age Pension (OAP) to those citizens and permanent residents who have reached the age of 60, the report proposed a SCP delivered through the existing institutions, being the Government Pension Scheme (GPS) and the Employees Trust Fund (TAP).
This report examined the provision of mandatory pension and survivorship benefits by mandatory pension schemes in Brunei including the benefit entitlements provided to retirees at different income levels and identified weaknesses in the current policy framework.
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A Study of Unemployment Issues among Registered Job Seekers in Brunei Darussalam, Diana Cheong and Roger Lawrey
This report described the different types of unemployment and identifies specific categories of employment among jobseekers. Recommendations have been provided in the report and it is hoped that this issue will be addressed by the relevant agencies to minimise unemployment issues in Brunei Darussalam.
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