The “Pensions” update on the basis of the installments of the costs of adding the service

An insured person who has an effective application to add the service period may submit a new application to add another service period.

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The General Pension and Social Security Authority announced that it has updated the basis for the installment of the costs of adding previous service periods, so that the insured is allowed to pay in installments the full costs of adding service periods, without a requirement to return the reward as a down payment, as was previously required.

The authority stated that this update contributes to facilitating the procedures for joining the insured to fulfill the prescribed period for obtaining the retirement pension, as it is the ultimate goal of insurance subscription.

She said: "The insured can pay the costs in one go or in monthly installments, so that the monthly installment is not less than a quarter of the salary according to the law, and the installment period does not exceed four years, or the end of the insured's service period, whichever comes first."

The authority indicated that the update stipulated that the insured who has an effective request to add the service period, may submit a new request to add another service period, provided that the first request is settled on the basis of calculating the added periods corresponding to the amounts paid, and the costs of the new period required to be added are calculated on a salary Subscription on the date of submitting the new annexation request.

According to the update, if the insured fails to pay two consecutive or intermittent installments, his application is canceled, provided that the added period is calculated in proportion to the amounts actually paid, and if he wants to complete the rest of the period, he must submit a new application.

The update confirmed some of the previous decisions related to inclusion, including that if the service of the insured ends without paying the full cost of the inclusion, the added periods are calculated in proportion to the amounts actually paid.

The obligation of the insured to pay the premiums for the cost of the addition shall be forfeited if his service ends in death, provided that he has paid 50% of the total cost, but if the value of what he paid is less than 50%, the remainder of this percentage shall be deducted from the pensions of the beneficiaries.

He also stressed the need for the insured to express his desire to add the previous service periods before the end of his current service, provided that the periods required to be added have not expired due to one of the reasons for the complete deprivation of the pension or reward, and that the periods to be added are not temporary or per diem (daily wage) or from periods Training prior to appointment, and for the insured to pay his share and the share of the employer for the periods to be joined, according to the salary of the subscription calculation on the date of the application for inclusion.

If the insured fails to pay two consecutive or intermittent installments, his application is cancelled.

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