Deputy Prime Minister, Minister of Oil, Minister of State for Economic Affairs and Investment, and Acting Minister of Finance Dr. Saad Al-Barrak, has issued a decision regarding the regulations for collection and determination of the minimum share in one or more pensions, following the Public Institution for Social Security (PIFSS) Board of Directors’ approval through circulation.
As per the amended Resolution 5/1978, the total sum of the retirement pension and share from one or more pensions shall not exceed 1,020 dinars, reports Al-Anba daily.
The decision specifies that “the recipient can accumulate shares from multiple pensions, provided the total does not surpass 1,020 dinars.
This limit will be taken into consideration when redistributing the pension, in accordance with Article 75 of the PIFSS Law.
The minimum shares to be granted are 273 dinars for widows or husbands, 210 dinars for each of the parents, 139 dinars for each son, son-in-law, and daughter-in-law, and 136 dinars for each brother, sister, or double the entitled share, whichever is lower.”
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