Regulates contributions, benefits, and pensions to protect workers upon retirement, injury, or death.
Social insurance covers occupational hazards and social insurance branches, applying to all workers under the Labor Law.
Insurance contributions and benefits are exempt from taxes and fees.
The General Organization for Social Insurance has jurisdiction over disputes related to contributions and benefits.
Employers must register covered workers with the Institution from the start of employment.
Total social insurance contribution is 22% of wages, distributed between the employer and employee.
The establishment bears the full contributions for the occupational hazards branch.
Retirement pension eligibility requires reaching 65 years of age and actual contributions for at least 360 months.
A worker may draw an early pension at age 60 if they have less than 360 months of actual contributions.
Work injuries and occupational diseases are covered, including treatment costs, disability pension, and death compensation.
Employers who delay contribution payments are subject to an escalating fine per month of delay.
Survivors of deceased insured workers receive a death pension distributed according to the Law.
Workers may combine retirement pension with work income subject to conditions determined by the Institution.