7 Hrs
Source:
البيان
Pension bases differ
The General Pension and Social Security Authority called on employers to calculate contributions in accordance with the rules applicable to each sector. For government entities, the contribution amount changes from the month in which an adjustment to the contribution salary takes effect. In the private sector, the January salary applies throughout the year, unless a salary increase is approved retroactively to January, in which case contributions must be recalculated. For employees who join a private-sector establishment after January, the salary in effect when they start work applies through the end of December. A new contribution basis is then set the following January. Contributions are due at the end of each month and may be paid up to the 15th of the following month. Additional amounts apply to late payments. The Authority also urged employers to update salary details through the “Ma’ashi” platform.
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