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Announcement


Referring to article (7) of Resolution No. (22) of 2020 issued by the Minister of Finance and National Economy regarding the rules and procedures for implementing the provisions of Decree-Law 21/2020 regarding pension funds in insurance and retirement laws and regulations, which states that: If the retiree employed in a job or work that is not subjected to the same law in which he is entitled to his pension salary, or he combines his pension salary and his salary according to the provisions of Article (136) of the Social Insurance Law promulgated by Decree Law No. (24) of 1976, when the law was issued, then he has to choose one of the following options:
1. Stopping the pension salary payment and Conjoining his previous service with his new service according to the regulations in article (5) of this Resolution.
2. Continuing payment of his pension salary for the previous period of service, with paying salary, wage or bonus for his new service period, without paying contributions except for work injuries insurance.
Both retiree and employer are obligated to fill out the forms designated for this purpose, within (60) days from the effected date of the provisions of this decision, unless an excuse accepted by SIO is presented. Social Insurance Organization Requesting the concerned entities to verify the conditions of its employees or workers who are subjected to the provisions of the mentioned article, and to ensure that the related forms are filled out within the specified period, which is (60) days from implementation of the provisions of this decision date (as of October 16th, 2020).

Click here to submit the form related to implementing the provisions of Decree-Law 21/2020 regarding pension funds in insurance and retirement laws and regulations


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Decree-Law No. (21) for the year 2020 regarding pension funds

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