Saudi Aramco GI 155.008 PROCEDURE FOR HANDLING SAUDI ARAB AND

This General Instruction Manual (GI 155.008) from Saudi Aramco details the comprehensive procedures for managing retirement and post-retirement death benefits for both Saudi Arab and eligible Foreign Contract Employees. It covers crucial aspects such as retirement eligibility criteria, the calculation and processing of retirement benefits, and the specific provisions for post-retirement death benefits, including lump sum options and widow/widower income.

The document also outlines the procedures for annuity buyouts, control of annuity payments, and eligibility for post-retirement medical coverage and the Saudi Riyal Thrift Plan. Furthermore, it specifies requirements for obtaining retiree identification and vehicle stickers.

This document is essential for HR professionals, payroll administrators, and finance departments involved in employee end-of-service benefits. Readers will gain a clear understanding of the entitlements, processes, and documentation required for retirement and death benefit claims, ensuring compliance and efficient administration of these critical employee provisions.

Ideal for HR managers, payroll specialists, and benefits administrators working in the oil and gas industry or similar large corporations.