Jobless Saudis will receive SR9,000 for the first three months in unemployment compensation and SR7,500 for each additional month without work, according to a draft law under an unemployment insurance system.
Article XII stipulates that any compensation should not exceed 100 percent of the average monthly wages, subject to subscription.
The compensation provided is 60 percent for the first three months and is based on average wages of the worker. It drops to 50 percent for any additional month.
The system defined the maximum time period for the disbursement of compensations to be 12 continuous months.
Disbursement of the compensation will stop in cases of death, if the unemployed earns a monthly income from any kind of work, or if the worker became completely disabled and unable to work.
A worker may not be eligible for unemployment if he or she is no longer registered with the Ministry of Labor, not looking hard enough for work, or has not joined a training program without an acceptable excuse.
When the worker reaches the age of 60, he will be entitled to a pension under the social security system.
Draft law calls for SR9,000 in unemployment compensation
