RIYADH – More than 48,200 males and females retired from their jobs last year, which is an increase of 8.5 percent compared to the previous year. A recent report issued by the Public Pension Agency pointed out that the number of retirees in the government civil and military sectors has been continuously rising for the past 10 years. It increased from 243,000 in 2002 to reach 617,000 retirees last year. The report revealed that 22 percent of retirees last year were aged between 50 and 54 while retirees aged 45-49 represented 20.5 percent.
