Saudi Social Insurance body switches to Gregorian calendar starting June

Updated 28 May 2018
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Saudi Social Insurance body switches to Gregorian calendar starting June

  • The pensions paid by the GOSI monthly exceed SR1.7 billion benefiting more than 360,000 people
  • GOSI is a semi-state body that enjoys administrative and financial independence

RIYADH: The General Organization for Social Insurance (GOSI) has decided to follow the Gregorian calendar from June for the payment of pensions to retirees and to family members of those who have passed away.
This decision comes in line with the government directives to unify paydays for all state employees according to the Gregorian calendar.
GOSI spokesperson Abdullah bin Mohammed Al-Abdul Jabbar said the organization will deposit pensions in the accounts of the beneficiaries and family members of the deceased retirees and compensate unemployed people at the beginning of each month starting June 2018.
“The Organization is paying the insurance pensions to beneficiaries in advance according to the social insurance system,” he added.
“After considering the beneficiaries’ material needs for the month of Ramadan and Eid Al-Fitr, the organization decided to start paying pensions starting the first of June. That way, the beneficiaries will receive pensions for the month of June just 17 days after receiving pensions for the month of Ramadan.”
Al-Abdul Jabbar also said since June 1 falls on a Friday, the organization would start disbursing payments on May 31.
The pensions paid by the GOSI monthly exceed SR1.7 billion benefiting more than 360,000 people.
GOSI is a semi-state body that enjoys administrative and financial independence. An eleven-member board of directors, supervises GOSI. The organization exercises its activities through a head office and 21 field offices located in a number of regions and governorates in the Kingdom.
The Social Insurance Scheme is an aspect of social cooperation and solidarity provided by the society for citizens. The scheme covers workers in private sector and a group of workers in public sector. It also provides the contributors and their families with a decent life after leaving work due to retirement, disability or death; medical care for contributors afflicted with work injuries or occupational diseases; and necessary compensation in the event of occupational disability or death.


FII delegates pay tribute to Khashoggi, say ‘terrible act not part of our DNA’

Updated 23 October 2018
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FII delegates pay tribute to Khashoggi, say ‘terrible act not part of our DNA’

RIYADH: Speakers at the Future Investment Initiative (FII) in Riyadh did not shy away from addressing what could otherwise have been the elephant in the room: The death of Jamal Khashoggi.
Numerous speakers had pulled out of the event over the death of the Saudi journalist in the Kingdom’s consulate in Istanbul on Oct. 2. Khashoggi’s death was the result of a “rogue operation” by people acting beyond the scope of Saudi authorities, Foreign Minister Adel Al-Jubeir said on Sunday.
Many speakers due to attend the FII — mostly those from Western organizations — had pulled out due to allegations the Saudi government was complicit in Khashoggi’s death.
But speakers at the FII on Tuesday tackled the issue head-on, calling the death “abhorrent” and promising justice. 
“These are difficult days for us in the Kingdom of Saudi Arabia. We are going through a crisis, of sorts, resulting from the very regrettable and abhorrent incident that took place in Turkey,” Saudi Energy Minister Khalid Al-Falih told the audience.
“Nobody in the Kingdom can justify it or explain it. From the leadership on down, we are very upset about what has happened,” he added. 
“The king has made it clear that there will be an investigation, justice and retribution to those responsible.”
The prominent Saudi business executive Lubna Olayan also remarked on the case, saying that the “terrible acts reported in recent weeks are alien to our culture and DNA.” 
Al-Falih said that, despite the ongoing “crisis” due to the case, the ambitious reforms that Saudi Arabia is undertaking would continue. 
“The Kingdom is in the midst of a historic transformation of unprecedented proportions, and the train has moved, and it has moved deliberately toward a transformation journey that will not be stopped,” he said. 
“Those partners who are here with us today, to continue their journey with us are certainly going to look back and find out how the lessons have been learned from the incident, but at the same time how committed the Kingdom is to its partners who stay the course.”