Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
The Kingdom of Saudi Arabia, including the city of Khobar, has established the General Organization for Social Insurance (GOSI) to govern all issues related to pension. The pension law safeguards the rights of the employees during their retirement phase, laying out provisions and guidelines for both the employers and employees regarding the payment, receipt, and calculation of pensions. The pension scheme is applicable to all employees in the public and private sectors and is designed to provide social security coverage, including disability, old age, and death benefits.
Engaging a lawyer could be crucial if you are facing issues related to pension benefits, disputes over pension calculations, discrepancies in employment records that affect pension benefits, or any legal complexities associated with your pension rights. Furthermore, individuals may require a lawyer for understanding the complexities of GOSI pension law, particularly in cases of private sector employment where employer insolvency or company's failure to contribute to the pension fund comes into play. A lawyer can help ensure that your rights are protected and provide comprehensive legal advice on the next course of action.
Pension law in Khobar falls under the jurisdiction of GOSI. According to this law, it’s mandatory for the employers to register their employees in the scheme and contribute a certain percentage while the employees also share a part. In case of severance, the benefits are calculated based on the average wage of the last two years of employment & service period. Additionally, employees are entitled to seek compensation for occupational hazards and disability benefits as per the relevant provisions. Also, the law includes a comprehensive procedure for dispute resolution, appeals, and complaints regarding pension-related issues.
As per GOSI laws, only Saudi nationals are eligible for pensions. Expatriate employees are entitled to receive an end-of-service award but not a monthly pension after retirement.
If an employer fails to contribute to the pension fund, potential penalties and legal action could result. Employees can seek legal help to ensure their rights are upheld.
Yes, one can claim pension even while working after the permitted retirement age. However, the specifics depend on individual circumstances and legal consultation is advisable.
Disputes are resolved through the procedures set by GOSI. If unsatisfied with the result, you can engage a lawyer and take the matter to court.
Yes, female employees, both in public and private sectors, are covered under the GOSI pension law and are entitled to receive pension benefits.
For more information on pensions laws and rights in Khobar, the GOSI website and the Ministry of Human Resources and Social Development are robust sources. You may also refer to the Saudi Labor Law for further reference.
If you need legal assistance regarding pension-related matters in Khobar, consider reaching out to a lawyer experienced in pension laws. They can guide you through the complexities of the law, ensure your rights are upheld, and can precisely represent your case if the need arises.
