compass – monitor

Social insurance expert, Mousa Al-Subaihi, warned employers of the danger of reducing wages, which leads to great damage to workers, their pension salaries, and their insurance rights.

Al-Subaihi said via “Facebook” that one of the private universities, circulated to the faculty members, that it will reduce the basic salary, the university allowance and the additional bonus by (17.5%) for the next academic year, which would reduce their “guaranteed wages” salaries by more than (200) Dinar”.

And the social insurance expert added, saying, “We had advised in more than one previous publication that the insured should be keen to increase his salary subject to the guarantee regularly and in real through the facility he works for or to which he moves to work, especially during the last five years preceding the entitlement of a salary.” Retirement, as this has an important impact on the calculation of the retirement salary.

He pointed out that “any growth in wages reflects positively on the retirement salary, because the calculation of the old age pension depends on the average wage subject to security deduction during the last (36) contributions, and the calculation of the early retirement salary depends on the average wage subject to security deduction during the (60) years.” ) last subscription.

He pointed out that “any other insurance and pension rights and benefits depend on the wage subject to deduction of the guarantee. If this wage decreases, the amount will decrease.”

In view of this, Al-Subaihi called on employers not to resort to reducing the wages of their workers as much as possible, because the reduction leads to great harm to workers, their pension salaries and their insurance rights, especially as I said about those who are about to retire. Don’t lower it.

(compass)