Brunei launches new retirement plan to ensure national well-being

SUltan Hassanal Bolkiah said the SPK is implemented in replacement of the Employee Trust Fund (TAP) and Supplementary Contributory Pension (SCP) scheme, which will not only strengthen the well-being of members upon retirement but also give a better retirement income. - Bernamapic

BANDAR SERI BEGAWAN (Xinhua): Brunei's Sultan Hassanal Bolkiah said on Saturday that the sultanate had started implementing the National Retirement Scheme (SPK).

He made the announcement in a speech for his 77th birthday celebration, which is an important event on the Southeast Asian country's annual calendar and usually lasts for a month.