KUWAIT CITY, Oct 26: The Public Institute for Social Security reported that the number of insured persons whose period of service exceeded 30 years, and who are still continuing in service and have not retired, is 13,676, 7,397 of whom are under 55 years of age, reports Al-Rai daily.

In response to a parliamentary question by MP Dawoud Maarafi, regarding deducting subscription money from employees, Minister of Finance Fahd Al-Jarallah attached the letter of the institution’s acting director, Ahmed Al-Thunayan, in which he stated that “Social Insurance Law is mandatory, and it is linked to the work relationship between both parties saying it is not bound to a specific period, and the employer is obligated to pay the contributions due, in accordance with the provisions of the PIFSS law, whether what he is obligated to do as an employer, or what he is obligated to deduct from the insured person’s salary.” 

Al-Thunayan added, “Taking into account that the period exceeding the maximum period stipulated for entitlement to a retirement pension (30 years), a retirement bonus is paid in accordance with the text of Article 25 of the Insurance Law, and this reward is also due for the actual contribution period that exceeds the period necessary to entitle the limit.” The maximum pension, stipulated in Article 19 of the law, is paid along with the retirement pension.

He stated that “in the event of the end of service due to death, this reward is distributed in full to those entitled to the pension, in proportion to their shares in it. If there are none of them, it is disbursed to the legal heirs, in addition to the insured benefiting from that period in calculating the supplementary pension.” 

Regarding the procedures followed by the organization, in the event that an employee retires and the amount has been deducted from him for a period longer than the prescribed period, Al-Thunayan explained, “The collection of contributions ends as soon as Form 103 is received with notification of the end of the service of the insured person, taking into account that the employer’s obligation to pay contribution is linked to the duration of the work period in accordance with the text of Article (2/A) of the Amiri Order of Law No. 61/1976 promulgating the Social Insurance Law, as well as Article 12 of the Social Insurance Law.”