In force Last amended 20/9/1447 AH
Saudi Benefit Exchange Law
نظام تبادل المنافع بين نظامي التقاعد المدني والعسكري ونظام التأمينات الإجتماعية
Governs the exchange of benefits between the civil and military retirement systems and the Social Insurance Law, including combining service periods. It has 6 articles and concerns employees who moved between them.
- Articles
- 6
- In force
- 6
- Amended
- 3
- Issued
- 1/1/1424 AH
Issued by: مرسوم ملكي رقم م/53 بتاريخ 23 / 7 / 1424 · قرار مجلس الوزراء رقم 198 بتاريخ 18 / 7 / 1424
Each article shows the official Arabic text, which is the only legally binding version, followed by our plain-English explanation.
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Articles of the Saudi Benefit Exchange Law
- Article 1This article defines the basic terms in the Benefit Exchange Law, such as participant, first system, last system, aggregation of periods, actuarial value and the competent body.
- Article 2The article gives a participant subject to the last system the right to ask to add his earlier participation period in the first system, even if both periods ended before the law took effect, protecting his acquired rights.
- Article 3The article sets six conditions for aggregating participation periods, including not having received an award or pension for the period, a minimum of one year, age not over 59, and asking before service ends.Amended
- Article 4The article explains how the first system calculates and transfers the actuarial value of the added period, and how the last system must calculate the pension for both periods as if spent in it.Amended
- Article 5The article provides for an actuarial study every three years to set how to compensate the two systems for the extra cost of exchanging benefits, including how burdens are distributed.
- Article 61 - تعد الجداول الاكتوارية المرفقة والأحكام الملحقة بها جزءا متمما لهذا النظام . 2 - يتم التنسيق بين الجهتين المختصتين في تبادل المعلومات…Amended M/208