The new system applies only to new entrants to work among civilians in the public and private sectors.
The General Organization for Social Insurance announced the detailsNew Social Insurance System,This is after approval.The cabinet is on it.
The new system applies only to new entrants to work among civilians in the public and private sectors, who do not have any previous periods of subscription to the current civil retirement or social insurance systems.
The provisions of the civil retirement and social insurance systems shall continue to apply to current subscribers, with the exception of some provisions relating to the regular retirement age and the periods eligible for pension entitlement.
The regular retirement age for the categories covered by the new system is set between 58 and 65 Gregorian years, with a gradual increase starting with 4 months over the current regular retirement age.
The subscription period required for early retirement is set between 25 and 30 years of subscription, with a gradual increase starting with 12 months over the current period required for early retirement.
The new system and the provisions related to the regular retirement age and the periods eligible for pension entitlement before reaching that age for the covered categories shall be effective starting from 12/27/1445 AH corresponding to 7/3/2024 AD.
