paraphrase and summarize academically:

Retirement

it isa stage which the individual stops working officially after serving for certain periods of time and completing working years or reaching the retirement age that specified by the government or for heath condition. Moreover, Retirement is seen as a reward for years of work and is the opportunity to have the advantage what a person has accomplished throughout the years of work, as well as a sense of comfort by moving away from the responsibilities work pressures and focusing on personal interests. It is important for the employee who is planning to retire to make sure that have all the financial resources sufficient to support their usual lifestyle by setting savings goals and looking at basic expenses, health care and long-term needs.

The aims of implementing the retirement system in the organization is to manage the workforce in the organization, where retirement helps the employer to manage its workforce and balance between experienced and talented employees and helps to promote younger employees smoothly.

Sharing experiences, retirees have great experience and valuable institutional memory, the institution can benefit from experienced employees as an opportunity to educate and qualify future generations among employees through courses and programs.

Cost management, as the retirement system helps the organization to control costs such as salaries and promotions. Employees with experience and long years of work have high salaries, through retirement, the institution can manage its budget by employing new efficiency in the market and bringing creative thinking and technological efficiency to the growth of the organization with a lower salary and restructuring positions to meet changing needs.

As Omantel is a subsidiary of the Oman Investment Authority, it's followed the Civil service Law issued by the public Authority for social insurance (PASI).

Oman labor retirement term and condition:

• The service period is not less than 30 years.

• Retirement salaries are paid monthly for the employee who meets the conditions for entitlement to retirement pension.
• Resignation, provided that the period of service is not less than 20 years.

• The 45-year-old employee is entitled to a monthly pension, provided that he completes 20 years in the private sector.

• 45-year-old female employee - entitled to a monthly pension provided that she completes 15 years of civil service in the private sector

• A 60-year-old employee is entitled to a regular pension provided he has completed 15 years of service in the private sector.

• A 55-year-old employee is entitled to a regular monthly pension; provided that at least 10 years of service has been spent in the private sector

• The employee shall be entitled to a pension in the event of death or medical disability from the competent authorities.

• Termination of service without prior reasons - except for the demise of nationality - provided that the period of service is not less than20 years.

At the end all the beneficiaries of the retirement system can view all the data, retirement entitlements, and the mechanism of the retirement salary disbursement schedule through the Public Authority for Social Insurance.