Social Insurance Institution (19.04.2020) The General Organization for Social Insurance announced that it has implemented the decision to postpone some of the amounts due according to the Social Insurance Law for a period of six months from 1 April 2020. The amounts of the deferred contributions will be paid on 24 months starting from October 2020.
Social Insurance Institution (19.04.2020) The General Organization for Social Insurance announced that it has implemented the decision to postpone some of the amounts due according to the Social Insurance Law for a period of six months from 1 April 2020. The amounts of the deferred contributions will be paid on 24 months starting from October 2020.
Implement the decision to postpone some of the amounts due according to the Social Security Law, and deposit the deducted amounts in the accounts of the beneficiaries today
Kuwait April 19, 2020 --- The General Organization for Social Insurance announced that it has implemented the decision of His Excellency the Minister of Finance and Chairman of the Corporation’s Board of Directors to postpone some of the amounts due according to the Social Insurance Law for a period of six months from 1/4/2020, and accordingly the Foundation deposited today the amounts of the replacement installments The pension provided in the beneficiaries' accounts, which was previously deducted from the April pension.
In implementation of the decision of the Minister of Finance and Chairman of the Corporation’s Board of Directors No. (3) for the year 2020, the Corporation has postponed some of the amounts due according to the Social Insurance Law for a period of six months as of 1/4/2020, where the replacement share of retired persons who were replaced by their pensions or the insured was postponed. Retirees benefiting from the advance pension, which includes the disbursement of seven net retired pensions. Today, sums previously deducted from the April pension are deposited into the beneficiaries ’accounts, and the deferred premium deduction will be resumed as of October 2020.
The Foundation added that the decision provided for the postponement of some monthly contributions, including the contributions of the insured in Chapter Five working for their own account, and the contributions of business owners in the private and oil sectors that are not fully owned by the state, and the amounts of the deferred contributions will be paid on 24 months starting from October 2020.
For his part, the General Director of the General Organization for Social Insurance, Mr. / Meshaal Al-Othman, thanked and praised the work teams of the corporation for their great efforts that they make around the clock, and their keenness to transfer the sums that were deducted from the April pension to local banks with less than 24 hours from the issuance of the decision in order to deposit them in accounts Beneficiaries as soon as possible.