By Innovation-sa on May 30, 2018 in News
In line with the government directives to unify paydays for all state employees according to the Gregorian calendar, the General Organization for Social Insurance (GOSI) announced that it will switch to the Gregorian calendar from June for the payment of pensions to retired employees and to family members of the deceased retirees.
In accordance with the social insurance system, the organization will deposit pensions in the accounts of beneficiaries and family members of the deceased and compensate unemployed people at the beginning of each month starting from June 2018, announced Abdullah bin Muhammed Al-Abdul Jabbar, spokesperson for GOSI. He added that since June 1 falls on a Friday, GOSI would start distributing payments on May 31.
GOSI, a semi-state body that enjoys administrative and financial independence, spends more than SR1.7 billion every year to pay pensions benefitting more than 360,000 citizens.