Name of the Organization : Public Authority For Social Insurance
Type of Facility : Payment of Pension Fund & End of Services Benefits
Country : Oman
Official Website : https://www.spf.gov.om/
Payment of Pension Fund & Benefits :
This type of benefits is paid as a single, lump-sum payment in the following circumstances:
Age Maturity Reward:
Once the insured employee finishes work & is at least 60 years of age for male or 55 years of age for female and their service period has not reached the requirements to earn the retirement’s pension.
Related : PASI End of Service Pension Payment Oman : www.statusin.org/5506.html
Death Salary Reward for Employees not entitled to Death Salary Pension:
If the deceased is not entitled to Retirement Pension their beneficiary/s can obtain End of Service benefits (Refer to Payment of Pension Fund- Death)
Disability Salary Reward for Employees not entitled to Disability Salary Pension:
If the disable employee is not entitled to Disability Pension their beneficiary/s can obtain End of Service benefits (Refer to Permanent and Partial Disabilities)
Family Reward:
For married or divorced woman or widow who is leaving work to take care of the family.
Work Sickness Reward:
Applicable if Medical Committee confirms the disease reduces the ability to work effectively and efficiently.
Nationality Lost Reward:
Exceptional cases: Such as loss of Omani nationality.
Dependant Employee Lost Reward:
Applicable if employee lost and is not entitled to get working/non- working salary.
Employee Transfer Reward:
End of service benefit applicable to employees joining bodies other than MoCS or Diwan.
Funeral Expenses and Death Grants.:
These two grants are urgent payment to all insured employees.
Marriage Grant.:
The marriage grant is paid to the daughter entitled to part of the pension of her deceased father or deceased mother for her marriage,it requires a marriage certificate
Partial Disability Compensation:
If the injured worker is sustaining a percentage of disability he/she would be referred to the medical committee concerned to assess the occupational and non-occupational disability, type and degree of the same. If the committee confirms the disability percentage, the compensation is paid provided it should be less than 30%.
Who can request this service:
Citizens and business.
Steps to follow to request the service:
A- Process steps:
Employee must complete and submit Employee End of Services Form at any PASI office enclosed with:
End of Services Benefit Request Form or Age Maturity Reward Form
A copy of passport or ID card.
Application sent to Pension Department which calculates benefit based on a particular and built-up formula depending primarily on the basic salary and the service period.
PASI pension department notifies insured employee.
Payment is made directly into an appointed bank.
B- Procedures and forms required for requesting the service:
Employee End of services Form
What documents are needed to process:
End of Services Benefit Request Form or Age Maturity Reward Form
A copy of passport or ID card
Download Form : https://www.statusin.org/uploads/5522-Pension%20Payment.doc