Benefits of voluntary contribution

The voluntary contribution provides the following benefits:

I: Old-age retirement pension:
The contributor is entitled to a pension according to the following conditions:
1.    Attaining the age of sixty or over.
2.    Ceasing practice of activity, or discontinuing contribution for that who has a previous compulsory contribution period.
3.    Having a contribution period no less than 120 months.

II: Early retirement pension:
The contributor is entitled to this pension before reaching the age of sixty according to the following conditions:
1.    Having a contribution period no less than 300 months.
2.    Ceasing practice of activity on which he was registered with the scheme, and not practicing any other activity covered by the scheme, or discontinuing to pay contribution for those who have previous compulsory contribution period.3.    Apply for pension payment.

III: Non-occupational disability pension:
The contributor is deemed disabled if he is totally and permanently unable to perform his usual activity or profession, or any profession or activity suited to his condition, he is entitled to receive a disability pension provided that he meets the following conditions:
1.    If the contributor started contributing before he reached the age of 50, the disability must has sustained while having a contribution period no less than 12 consecutive months or 18 inconsecutive months after his actual registration date with GOSI.
2.    If the contributor started contributing before he reached the age of 50 or above, the disability must has sustained while having a contribution period no less than 24 consecutive months or 36 inconsecutive months after his actual registration date with GOSI.
3.    The disability pension is calculated the same way that the retirement pension is calculated, provided that the amount is no less than 50% of the average wage over the last two years.
4.    If the disability occurred after the contributor leaves employment covered under the scheme and has at least 60 months of contribution, he is entitled to apply for adding the complementary period to reach 120 months. In this case, he will be paid a retirement pension.

IV: Death pension
The survivors of a deceased contributor are entitled to a pension in the following cases:
1.    If the pensioner receiving a retirement pension or a non-occupational disability pension died.
2.    If the contributor started contributing before he reached the age of 50, he must have a contribution period no less than three consecutive months or six inconsecutive months after his actual registration date with GOSI.
3.    If the contributor started contributing at the age of 50 or above, he must have a contribution period no less than 12 consecutive months or 18 inconsecutive months after his actual registration date with GOSI.
4.    The death pension is calculated with the same method of calculating the non-occupational disability pension.
5.    In the event of the contributor death after leaving employment covered under the scheme and has a contribution period no less than 60 months, the family members are entitled to apply for adding the complementary period to reach 120 months. In this case, they will be paid a retirement pension.

The minimum pension in paragraphs I, II, III and IV is S.R. 1,725.