Laws and Regulations

FEDERAL LAW NO.7 CONCERNING THE ISSUANCE OF THE LAW ON PENSIONS AND SOCIAL SECURITY - Issued on 16/2/1999

Article 1

The provisions of the Law annexed hereto concerning the Pensions and Social Security shall be applied.

Article 2

The present Law shall replace Federal Laws no. 13 of 1974, no. 14 of 1974, no. 2 of 1983 and no. 1 of 1984 referred to herein above. The employer in the private sector and the nationals working therefor must adhere to the Committee in conformity with the provisions hereof, and such with regards to the persons not subject to any of the other laws concerning pensions and social security in the state.

Article 3

The Committee shall set the implementing rules and conditions of the benefit by the employers, entrepreneurs and self-employed of the present Law. The Minister shall issue in this regard a decision subsequent to the approval of the Board of Directors.

Article 3 – bis. Added by Federal Law no. 6 dated 07/03/2006

The Committee shall set the executive rules in order to implement the provisions of "the Regulation of Expansion of the Insurance Protection to the GCC nationals outside their countries in any of the other GCC countries". It shall also set the regulation of exchange of the benefits between the retirement funds operating in the State. A decision in this concern shall be issued by the Cabinet upon the proposal of the Minister and after the approval of the Board of Directors.

Article 4

Subject to the provisions of Article 20 of the annexed Law, the pensions of the insured persons whose service is terminated prior to the implementation of the present Law, as well as the pensions of the beneficiaries thereof shall be settled based on the actual paid pension, or the due pension in accordance with the provisions mentioned in the annexed Law, whichever is larger.

Article 5

The regulations and decisions issued for the implementation of the provisions of the laws mentioned in Article 2 hereof shall remain in force without contradicting the provisions hereof, and such until the issuance of the implementing decisions and regulations thereof.

Article 6

The Minister of Finance and Industry shall issue the necessary regulations and the decisions for the implementation of the provisions of the present Law.

Article 7

Every provision contradicting or contravening the provisions hereof shall be abrogated.

Article 8

The present Law shall be published in the Official Gazette and shall come in force two months subsequent to the date of the publication thereof. As for the private sector, the present Law shall come in force six months subsequent to the date of the publication thereof.