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The GOSI-administered retirement benefit system for Saudi national private sector employees.
The GOSI pension system in Saudi Arabia for private sector Saudi national employees provides retirement income upon reaching retirement age (typically 60) or meeting minimum contribution thresholds. Employer contributions are 9% of basic salary plus housing allowance and employee contributions are also 9%. Expatriate employees do not receive GOSI pension benefits — they are covered only for occupational hazard insurance at a 2% employer contribution. Accurate monthly GOSI registration and contribution submission is mandatory — errors result in fines and affect employee retirement entitlements. Inclusive Solutions ensures accurate GOSI management for all client workforces.
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