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Annuity

Annuity

Below are the list of services available across channels

Payment of Retirement Pension (upon attaining the age of sixty)

Payment of Retirement Pension (upon attaining the age of sixty)

Procedure Description:

Payment of Retirement Pension (upon attaining age of sixty).
 

Procedure Conditions:

a.    Attaining the age of sixty or over.
b.    Ceasing to be engaged in any work covered under the Law.
c.    Completing at least 120 contribution months.

Service delivery channels

Calculate Estimated Pension

Procedure Description:

Using this screen, the voluntary contributor can calculate the estimated old-age pension (attaining the age of 60) or early retirement pension (completing a period of 300 months).

Service delivery channels

Payment of Non-Occupational Disability Pension

Payment of Non-Occupational Disability Pension

Procedure Description:

The contributor who is no longer capable to work because of his health condition is paid a non-occupational disability pension by GOSI.

Procedure Conditions:

a.The disability occurs before attaining the age of sixty.

b. The contributor is covered under the scheme.
c. The disability is established by GOSI Medical Board within eighteen months from the date of termination of the contribution period.
d. Having a contribution period of no less than 12 consecutive months or 18 non-consecutive months.
*If disability occurs while the contributor is not covered under the scheme, he will receive a retirement pension as a result of the disability, provided that his actual contribution period is ten years or over.

Service delivery channels

Lump sum compensation

Lump sum compensation

Procedure Description:

Registrar to insurance who are not subject to retirement pension receive compensation for once .

Procedure Conditions:

(A) age (60 years) with non professional non-ability to take advantage of a retirement pension or disability conditions. 
Note: a joint or members of his family has the right to take lump sum in compensation without waiting for the attainment of the age of sixty or non-occupational disability: 
1. If the joint goes to work which is subject to the Civil Service Retirement law or military for his participation in the social insurance less than a year . 
2. If a woman . 
3. If he was engaged in arduous work or harmful to health, and requires the availability of a period of less than (120 subscription) months . 
4. If he had judgment issued against him for a period of five years or more, and in this case requires the availability of a period of subscription  less than (120) Months . 
5. If the subscriber has dropped his Saudi citizenship . 
(b) death of subscriber who does not meet the conditions for family members pension.

Service delivery channels

Verify Contributor Eligibility for Payment

Procedure Description:

Voluntary contributor can view the number of contribution months, monthly wage, approximate pension amount and approximate dependency amount.

Service delivery channels

Verify Contributor Eligibility for Payment

Procedure Description:

Using this screen, the contributors can view the number of contribution months, monthly wage and estimated pension.

Service delivery channels

View Pension Amount

Procedure Description:

 Using this screen, the beneficiary can view pension amount, number of contribution months, average monthly wage, payment status, dependants and detail of pension calculation, pension and the bank paying the entitlement of beneficiary in addition to viewing the previously paid amounts.

Service delivery channels

Verify Contributor Eligibility for Payment

Procedure Description:

Using this screen, the contributors can view the number of contribution months, monthly wage and estimated pension.

Service delivery channels

View Pension Amount

Procedure Description:

Using this screen, the beneficiary can view pension amount, number of contribution months, average monthly wage, payment status, dependants and detail of pension calculation, pension and the bank paying the entitlement of beneficiary in addition to viewing the previously paid amounts.

Service delivery channels

Re-print Annual Declaration for Beneficiaries in the Kingdom

Procedure Description:

Using this screen, the beneficiary can print and fill out the annual declaration and send it to the Social Insurance Office. 

Service delivery channels

Change the beneficiary bank account

Change the beneficiary bank account

Procedure Description:

Through this service, beneficiary may change his/her bank account information without the need to visit GOSI office on the condition that the beneficiary has no active bank commitmnt

Service delivery channels