“Insurance” unveils the conditions for disbursement of early retirement • Al-Marsad newspaper

Al-Marsad newspaper: The General Organization of Social Welfare has revealed the conditions for disbursing early retirement.

The social insurance has clarified that the taxpayer is entitled to receive the old-age pension when a continuous or intermittent subscription period is available in the insurance system, with an installment of no less than 300 months of subscription for early retirement before the age of sixty .

It is worth noting that the pension branch is compulsorily applied only to Saudis, and the participation rate is (18%) of the salary, the employer pays (9%) and the taxpayer pays (9%).