“Pensions” exempts employers from additional amounts for October and November

The General Pensions and Social Security Authority announced that employers in the federal and local government sectors and the private sector will be exempted from the additional amounts due for the months of October and November 2024, as a result of the delay in providing contributions within the scheduled dates in accordance with the pension laws that the Authority is responsible for implementing.

This came in a circular issued by the Authority to employers in the government and private sectors, on the occasion of the launch of the “Maashi” digital platform.
According to Article No. (13) in Pensions Law No. 7 of 1999 regarding pensions and social insurance, and Article No. (12) in Law No. 57 of 2023 regarding pensions and social insurance, contributions are due from the first of the month following the month for which they are due, and may be extended until the fifth day. The tenth of this month, and accordingly, the exemption period extends to December 15, 2024.
The exemption allows employers to complete transactions on the “Maashi” digital platform without bearing the financial consequences resulting from the delay in paying contributions, while the Authority called on all establishments and business owners to take advantage of the exemption period before its expiration to ensure the validity and accuracy of their insurance statuses in order to reinforce the principle of insurance compliance.

This step would contribute to alleviating the pressure on employers by giving them sufficient time to pay contributions through the platform according to the new tools and mechanisms, and dealing with the requirements of the platform, the implementation of which would facilitate the process of paying contributions in the future and updating data on salaries and subscriptions in an easier way. And benefit from other tools provided by the platform that were introduced through awareness workshops that were previously announced on its website to raise awareness about the platform and empower employers in it.