أخبار التأمينات

     The General Organization for Social Insurance announced the approval of amending the contribution rates in the unemployment insurance law "Saned", whereby it was approved to reduce the contribution rates to one and a half percent (1.5%) of the wage subject to contributions instead of two percent (2%). This rate shall be borne equally by both the beneficiary and the employer as of 01/01/2022.

 

     The organization explained that the decision to reduce the contribution rate comes as a result of the periodic evaluation of the fund's obligations and the benefits granted by the law, as the periodic evaluation of the system and review of the contribution rates continue according to the approved mechanism, which reflects the flexibility of procedures regarding the development and improvement of regulations and legislation, stressing that the decision to reduce contribution rates does not affect the amount of compensation due to Saned beneficiaries, whether current or future beneficiaries.

 

     The organization also indicated that the rates of bearing the new contributions will be (0.75%) on the beneficiary and (0.75%) on the employer, instead of (1%) on the beneficiary and (1%) on the employer, and the collection mechanism will continue as preceded.

 

     It should be noted that the Saned law is applied to Saudis subject to the social insurance law, and the scheme has recently achieved a satisfaction rate of (93%) in the beneficiary satisfaction index, according to the beneficiary satisfaction measurement results issued by the National Center for Performance Measurement "Adaa". The organization has also contributed to the protection of Saned beneficiaries  working in the labor market who currently number more than two million, and has supported them with a total of 12 billion riyals since the start of the scheme’s implementation in 2014 by providing unemployment pension benefits to more than 288,000 beneficiaries, in addition to supporting more than 84,000 establishments and more than 477,000 beneficiaries working in establishments affected by the repercussions of the Corona pandemic, which was directed by the wise leadership with aim of preserving Saudi jobs in the private sector, with .expenditures exceeding 6 billion riyals during that period