Ramallah – Palestine Economy Portal

Many associations and big companies began to impliment the social law through the deduction of salaries of employees by 7.2% from the employee and 10.2% from the employer.  

Multiple employees said that in many associations and companies in Palestine, the deduction began, but the companies are not working on transfering the money to the SSC. They’re waiting for a deadline to join the association according to the timetable approved by the government; which depends on the number of employees in companies.

The government specified dates for the implementation of the Social Security Law (SSL) before the sanctions took effect. The SSL will take effect on January 18 on companies that have more than 200 employees. The deadline is on December 18, 2020 for companies with 1-4 workers.

Companies and associations are delaying the transfer to the SSC because they’re waiting for any adjustments to occur in the Social security or for it to be canceled.

This is due to the amendments that have been agreed on in the Social Security Law, but have not yet been ratified, in addition to the street movements calling for the abolition of the Social Security law.

Quds Bank announced today the beginning of the implementation of employee salary deduction, but it confirmed that the transfer to the institution will occur in mid-March 2019.