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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Full details of purchasing the service for insured workers for retirement calculation purposes

    Rocky
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    • Post n°1

    Full details of purchasing the service for insured workers for retirement calculation purposes Empty Full details of purchasing the service for insured workers for retirement calculation purposes

    Post by Rocky Today at 4:06 am

    [size=35][size=35]Full details of purchasing the service for insured workers for retirement calculation purposes[/size]
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    2024-10-01 | 04:00
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    Alsumaria News - Local

    The Ministry of Labor and Social Affairs has begun accepting service purchase requests for insured workers in the private sector for the purposes of calculating retirement, provided that they do not exceed five years.


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    The Director of the Retirement and Social Security Department at the Ministry, Kholoud Hayran, said that one of the most important conditions for purchasing the service is that the worker be insured and meet the age requirement, as he has the right to purchase the service provided that it does not exceed five years, noting that the payment of subscriptions for the purchased service at a rate of 17 percent is calculated on the basis of his average wage for the last five years for which the subscription was paid, provided that it is not less than the minimum wage for the worker.



    She added that this step has come into effect and workers of both genders can apply for it. A male insured worker who has completed the age of 63 and has at least 10 years of insured service, a male worker who has completed 60 years of age and has at least 15 years of insured service, and a female worker who has completed 50 years of age and has at least 20 years of service can purchase the service for the purpose of calculating it for retirement. A female worker will be able to purchase the service if she has completed 58 years of age and has at least 10 years of insured service, or if she has completed 55 years of age and has at least 15 years of insured service, or if she has completed 50 years of age and has at least 20 years of insured service.

    She added that a large segment of workers have not been able to obtain a retirement salary in the past years, despite having more than 20 years of service. The new Social Security Law has given them the opportunity to obtain a retirement salary after purchasing the service.
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