Formation of a standing committee at the Pension General Authority with participation by the Ministry of Finance, the Social Insurance General Corporation and the ministry or body supervising the sector targeted for privatization, 2- This committee shall carry out comprehensive studies on the financial costs which might result from the application of these rules on the employees of the sector targeted for privatization and which might be shouldered by either the civil pension or social insurance systems, and propose possible solutions for financing these costs provided that the supervising body or the body to which the sector targeted for privatization belongs shall bear the necessary costs for conducting the actuarial studies. 3- The Pension General Authority shall call for a meeting with the committee in each privatization case in a period not exceeding four months from the date of the issuance of the decision of the Supreme Economic Council approving the executive program of privatizing the sector targeted for privatization provided that the concerned body shall provide the Pension General Authority with a copy of that decision. 4- The committee shall complete its work in a period not exceeding one year from the date of the start of their first meeting on the sector targeted for privatization, and the Pension General Authority shall submit the results reached by the committee to the cabinet. --More
