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Our core mission is to ensure financial resources and high-quality services for public sector and military retirees and their family members, while benefiting society through large-scale investment projects and contribution to social justice. Our successful deployment of Oracle SuperCluster—as the first government body in Saudi Arabia to deploy it—has delivered the IT infrastructure we need to fulfill our mission both now and in the future, and at a low cost of ownership.
The Public Pension Agency (PPA), an entity of Saudi Arabia’s Ministry of Finance, is responsible for administering the pension schemes of public sector and military retirees, ensuring financial resources for retirees and their dependants after termination of service. PPA operates 46 branch offices across the country, runs automated payment procedures, and handles phone inquiries through a 24/7 call center. Since it was founded in 1958, the agency has paid out more than US$50 billion and has benefited 1.1 million pensioners and family members.
When the Saudi Arabian government defined a retirement age for all professions some 15 years ago, the number of retirees started to increase significantly in both public sector and the military. With a monthly expenditure of more than US$500 million and nearly 800,000 beneficiaries, PPA needs to achieve annual returns of at least 6%. The agency successfully runs large-scale investment activities to balance earnings and spending, such as the King Abdullah Financial District and a 2.7 million square meter residential and commercial area in the country’s capital, Jeddah.
Oracle’s multi-purpose engineered system is the ideal platform to achieve our targets: optimized use of resources, great agility and high quality of services, improved information security, reduced risk, and less capital expense. The platform enables us to fully focus on our core mission and deliver outstanding services to the country’s pension schemes beneficiaries.