This post was originally published on this site
Read Time1 Minute, 6 Second
The tide has come in — the Saudi GOSI legal change is no longer upcoming legislation; it’s the new operational reality. As we ride the final peak of this change, many customers are paddling through implementation questions, system configurations, and compliance uncertainties.
In response, we’ve gathered the most frequently asked questions from the field — and we’re ready to answer them.
Q1: How the New Social Insurance issued in 1445 H will impact each SI Group?SA Group:Assigned to employees at or above age 50 Hijri (DOB ≤ December 30, 1975 / 26/12/1395 Hijri) or with ≥ 20 years of contribution as of July 3, 2024.Follows the 1421 H policy.Service and SANED stop at retirement age fixed at 60 Hijri (~58 years and 2 months Gregorian).System will shift to Hijri-based age calculation. Follow updates here.Contribution remains 9%.SU Group:Assigned to employees under age 50 Hijri (DOB > December 30, 1975) or with less than 20 years of contribution.Follows the 1421 H policy.Retirement age is between 58–65 Gregorian based on the table in the 1445 H policy.Contribution remains 9%.SN Group:Assigned to employees whose contribution starts from July 3, 2024.Follows the 1445 H policy.Retirement age is fixed at 65 Gregorian.Contribution increases by 0.5% annually every July