Latest news with #GOSI
Daily Tribune
13 hours ago
- Business
- Daily Tribune
Bahrain Begins New Social Insurance Protection for GCC Citizens Working Abroad
The General Organization for Social Insurance (GOSI) has announced the start of applying Article 12 of the Unified System for extending social insurance protection to citizens of Gulf Cooperation Council (GCC) countries working outside their home countries, in any other GCC member state. This move comes in line with Law No. 68 of 2006 and follows decisions made at the 23rd meeting of heads of civil retirement and social insurance authorities in the GCC countries. GOSI emphasized that this step reflects its commitment to activating shared Gulf regulations and ensuring continuous insurance coverage for GCC citizens. The aim is to protect their insurance rights and create a stable working environment. The organization also urged employers to review their insurance situations, confirm that all due contributions are paid on time, and avoid delays. Private sector employers who delay paying insurance contributions for GCC nationals working in Bahrain will face additional charges. To help explain the details of Article 12 and answer related questions, GOSI will organize an online workshop soon. The workshop link will be shared via email and GOSI's official social media pages. GOSI reaffirmed its dedication to working closely with all private sector entities to support them in fulfilling insurance obligations, benefiting both employers and insured individuals alike.
Gulf Insider
13 hours ago
- Business
- Gulf Insider
Bahrain Begins New Social Insurance Protection For GCC Citizens Working Abroad
The General Organization for Social Insurance (GOSI) has announced the start of applying Article 12 of the Unified System for extending social insurance protection to citizens of Gulf Cooperation Council (GCC) countries working outside their home countries, in any other GCC member state. This move comes in line with Law No. 68 of 2006 and follows decisions made at the 23rd meeting of heads of civil retirement and social insurance authorities in the GCC countries. GOSI emphasized that this step reflects its commitment to activating shared Gulf regulations and ensuring continuous insurance coverage for GCC citizens. The aim is to protect their insurance rights and create a stable working environment. The organization also urged employers to review their insurance situations, confirm that all due contributions are paid on time, and avoid delays. Private sector employers who delay paying insurance contributions for GCC nationals working in Bahrain will face additional charges. To help explain the details of Article 12 and answer related questions, GOSI will organize an online workshop soon. The workshop link will be shared via email and GOSI's official social media pages. GOSI reaffirmed its dedication to working closely with all private sector entities to support them in fulfilling insurance obligations, benefiting both employers and insured individuals alike.
Argaam
7 days ago
- Business
- Argaam
12.8M social insurance subscribers in Q1 2025; 95% in private sector
Saudi Arabia's General Organization for Social Insurance (GOSI) said a total of 12.8 million public and private sector employees were registered in the social insurance scheme by the end of Q1 2025. Insured citizens reached 2.92 million, accounting for 23% of the total subscribers. Meanwhile, the number of insured expatriate workers reached nearly 9.88 million, or 77% of total registered employees. Social insurance subscribers working in the private sector reached 12.2 million by the end of Q1 2025, representing 95% of total registered employees. Regional distribution shows that Riyadh accounted for the largest number of insured workers with nearly 6.1 million, followed by the Eastern Province (2.4 million) and Makkah (2.19 million).
Arabian Business
01-07-2025
- Business
- Arabian Business
Saudi Arabia's new Social Insurance Law takes effect from today
Saudi Arabia's new Social Insurance Law, issued last year on July 2 by a Royal Decree, came into force this Tuesday. The General Organisation for Social Insurance (GOSI) stated that the law applies exclusively to new civil employees joining the public and private sectors, who do not have any prior contribution periods in the current Civil Pension Law or Social Insurance Law. #التأمينات_الاجتماعية تعلن بدء تطبيق أحكام نظام التأمينات الاجتماعية المعلن عنها سابقاً اعتباراً من يوم غدِ الثلاثاء 1 يوليو 2025م. 📎| — التأمينات الاجتماعية (@SaudiGOSI) June 30, 2025 New Social Insurance Law takes effect The amended law stipulates a gradual increase in retirement age. There will be no change in the current GOSI subscriber benefits. The organisation stated that the statutory retirement age for individuals affected by the amendments will range between 58 and 65 years. The law will expand the scope of insurance coverage to include more categories and will achieve flexibility in job transfers between the public and private sectors without affecting subscribers' insurance rights by unifying insurance provisions under a single law. The new regulations, to be applied to new subscribers to the Social Insurance System, include a gradual increase in the pension branch subscription rates by 0.5 per cent annually, starting from the second year of the system's validity until the fifth year. The cumulative increase will be 2 per cent, which means the subscription rate becomes 11 per cent instead of 9 per cent for the subscriber and the employer. To preserve the rights of employees, the law stressed the need for employers to commit to paying subscriptions on their specified dates. The maternity benefit also come into effect from Tuesday, July 1. Female subscribers, whether Saudi or non-Saudi, are entitled to maternity compensation for three months upon giving birth. The GOSI has urged all customers, both subscribers and employers, to review all the details related to these provisions through the awareness platform on the organisation's website or on the GOSI app.
Zawya
01-07-2025
- Business
- Zawya
Saudi: New Social Insurance Law will come into force on July 1
RIYADH — The General Organization for Social Insurance (GOSI) announced that the provisions of the new Social Insurance Law issued by a Royal Decree on July 2, 2024, will come into force on Tuesday, July 1. The GOSI noted that this law is applicable exclusively to new civil employees, joining the public and private sectors, who do not have any prior contribution periods in the current Civil Pension Law or Social Insurance Law. The amended law stipulates gradual increase in retirement age while there will be no change in the benefits for the current subscribers of GOSI. The organization stated that the statutory retirement age for individuals affected by the amendments will range between 58 and 65 Gregorian years. The organization stated that this law will contribute to expanding the scope of insurance coverage to include more categories and will achieve flexibility in job transfers between the public and private sectors without affecting subscribers' insurance rights, by unifying insurance provisions under the umbrella of a single law. The new regulations, which will be applied to new subscribers to the Social Insurance System, include a gradual increase in the pension branch subscription rates, starting from the second year of the system's validity until the fifth year, by 0.5 percent annually, so that the cumulative increase reaches 2 percent. Hence the subscription rate becomes 11 percent instead of 9 percent for the subscriber and the employer. The law stressed the need for employers to commit to paying subscriptions on their specified dates, in order to preserve the rights of employees subject to the system. The maternity benefit will also be implemented starting Tuesday, July 1. Under this benefit, the GOSI grants female subscribers, whether Saudi or non-Saudi, maternity compensation for three months upon giving birth. The GOSI urged all its customers, both subscribers and employers, to review all the details related to these provisions through the awareness platform on the organization's website or via the GOSI app. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
