Understanding Sudan’s Old Age Pension System
Sudan’s old age pension system plays a crucial role in ensuring that retirees enjoy financial stability after decades of work. As a complex network of reforms, institutions, and policies, the system is designed to meet the diverse needs of public servants, private-sector workers, self-employed individuals, and Sudanese citizens working abroad. This blog post takes a look at the structure and evolution of Sudan’s pension landscape, helping readers understand the mechanisms behind Sudan’s pension calculations and the ongoing reforms aimed at enhancing coverage and sustainability. Sudan’s Pension Structure Sudan’s social security system is built on national legislation that provides financial protection against various social risks—including old age, disability, survivors’ benefits, and work-related injuries. Two main institutions manage the pension system: The Public Service Pension Fund (PSPF): A legacy fund established before major reforms that provides defined-benefit pensions primarily for public sector employees and long-serving civil servants. The National Social Insurance Fund...