MOL deposits social insurance funds

MOL deposits social insurance funds

November 14, 2016
Ministry of Labor and Social Development
Ministry of Labor and Social Development

RIYADH — The Ministry of Labor and Social Development deposited social insurance money to 70 percent of families on social insurance.

A source said the General Organization for Social Insurance had suspicions of shadow accounts and more and more social insurance recipients were complaining that they were not receiving their monthly social insurance.

“The ministry reported there is a total of 852,000 families living on social insurance. The ministry had to step in and compensate for 650,000 families on social insurance. There are still 200,000 families awaiting compensation,” said the source.

The source also said there are 81,360 social insurance recipients in Makkah Province, 54,860 recipients in Riyadh and 54,500 recipients in Eastern Province.

“There are 50,890 recipients in Asir, 41,700 in Jazan, 29,420 in Madinah, 21,430 in Hail, 18,480 in Qassim, 14,560 in Najran, 12,230 Tabuk, 11,700 in Jouf, 10,100 in the Northern Border and 8,340 in Baha,” added the source.
Labor and Social Development Social Insurance Agency Deputy Minister Naif Al-Subhi said the families that received their social insurance have updated their status.

“Shadow accounts are not linked to the recipient in any way as there is no identity card registered or any record of the recipient linked to the account. Recipients of social insurance complained about the delay in receiving their social insurance number and ID,” said Al-Subhi.

He also said the ministry is depositing social insurance funds to the recipients’ bank account directly. “Recipients will not have to have a separate ID number and account for social insurance funds. All funds will be directly deposited to their bank account,” said Al-Subhi.


November 14, 2016
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