THE PORTABILITY LAW AND ITS PROCEDURES

The Law for Portability of Benefit Rights between the Civil or Military Retirement Scheme and the Social Insurance Scheme issued by the Royal Decree No. (M/53) dated 23/07/1424 H. which was introduced since 01/11/1424 H. represents a distinguished beginning that contributes to the service of contributors, maintains their rights and provides them with more comfort and welfare.
Aim of the Law for Portability:
1.    Aggregate contribution periods for workers in the public sector when moving to work in the private sector or vice versa. They are treated according to the provisions of their last scheme and can, as a result, either be entitled to a pension or improve their pension.
2.    Facilitate the movement of workers between the public and private sectors and exchange of experience between them.
3.    Raise Saudization rates in the private sector and support the State's plans for privatization.