| Release Date: | 1445-12-26 |
|---|---|
| Release Tool: | Royal Decree |
| Issuance Instrument Number: | m/273 |
| Validity: | Valid |
| Summary: | By AI The Saudi Council of Ministers approved the new Social Insurance Law, which includes reforms in pension systems. The law does not apply to participants who have previous unqualified subscription periods, and it specifies the contribution rates for the pension branch that will be gradually implemented over 48 months, with both the employer and the participant bearing part of the contributions. The law includes provisions related to participation in the occupational hazards branch and compensation... |