#YouShouldKnow | Social Insurance Sets Personal Loan Conditions for Retirees
The General Organization for Social Insurance has set the regulations for retirees to obtain personal loans, confirming that the beneficiary's age at the time of the last loan installment must not exceed 65 years.
The organization clarified that the total deduction from the retirement pension must not exceed 25%, according to the regulations governing financing operations for retirees.
In a related context, Social Insurance affirmed that the beneficiary owning a commercial register does not affect their entitlement to the retirement pension, noting that this does not result in the suspension of the pension payment.
The organization also explained that the beneficiary taking a job subject to the Social Insurance system does not affect the entitlement to the retirement pension under pension systems, confirming the continued payment of the pension according to the applicable rules and regulations.
Original source: Al-Mowaten
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