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Article (19):
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The bases and rules provided
for in this chapter shall be applicable to Omani workers who are
subject to the laws and regulations of government and who are affected
by Privatisation or restructuring processes. |
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Article (20): |
The competent authorities
shall provide the particulars relating to the number of employees in
the utility, which is to be Privatized, and a statement of their
responsibilities, and experience, and the number of years of their
service and the benefits granted to them. |
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Article (21): |
The companies applying
for Privatisation Projects shall, after perusing the particulars
available relating to employees, specify in their offers the employees
to be employed after the Privatisation, their number and the positions
to be occupied by them.
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Article (22): |
The Project Company shall be
obliged to transfer the employees referred to in Article (21) of this
law to it and to conclude employment contracts with each of them in
which the job description, functions and powers of the position and
the advantages and rights shall be stated. The wages and other
financial advantages in respect of transferring employees to the
company shall not be less than what they have been receiving at the
time of their transfer to the company. |
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Article (23): |
The Project Company
undertakes not to terminate the transferring employees for a period of
five years from the date of their transfer, provided such employees
are complying with the regulations and rules of the work in the
company.
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Article (24): |
The Omani employees transferring to
the Project Company shall continue payment of contributions in
accordance with the pension scheme applicable to them and such Project
Companies shall pay contributions in lieu of the government according
to the system followed in the Pension Scheme and shall enjoy the
treatment of government employees at the end of their service in the
Project Company for any reason in respect of the calculation of the
post service benefits subject to Article (25) of this law. |
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Article (25): |
The difference between the wage of the transferring employee at the
end of the last five years of his service and his wage at the
beginning of the said five years shall not exceed 40 percent and if it
exceeds this percentage the increase in the wage above 40 percent
shall not be included in the wage taken as the basis for the
calculation of his pension dues. |
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Article (26): |
The position of employees who are not
being employed in the Project Company shall be settled as follows:
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Those who are willing
shall be transferred to government units according to the work needs
provided they are qualified and trained in new skills, consistent
with the work requirements of such units;
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The position of
the remaining employees who have not been employed in the Project
Company or transferred to government units shall be settled as
follows:
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Those
who have completed ten years of service or more shall retire and
their rights settled as if they have reached the retirement age
according to the pension scheme applicable to the utility before
Privatisation with a gratuity of the last basic monthly salary be
paid to each of them for each year of service with a maximum of 12
basic monthly salaries and a minimum of five thousand Omani Rials.
Those employees whose period of service falls short of ten
complete years of service by six months or less may purchase the
remaining balance for the purpose of entitlement and calculation
of the pension through the payment of outstanding contributions
for such periods to the Pension Fund;
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Those employees who are not entitled to a pension
according to the provisions of paragraph (b) (i) shall each be
granted a gratuity of four monthly basic salaries on the basis of
the last basic salary for each year of service in addition to the
fixed allowances, provided the value of post service gratuity to
which he is entitled according to the pension scheme applied by
the utility he works for shall be deducted from this gratuity. A
period of service that is less than one year shall be deemed to be
a full year.
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Article (27): |
The
Ministry of Finance shall incur the following amounts:
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The gratuities
paid in accordance with the provisions of this Law;
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Pensions to which employees provided for in
paragraph (b)(i) of Article (26) of this Law and the contributions
prescribed to the Pension Fund until they reach the age of
retirement, and the funeral and condolence expenses in case of death
of the retired employee before reaching the retirement age in
accordance with the pension scheme provisions applicable to him. The
Pension Fund shall pay due pensions thereafter.
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Chapters: |
Chapter One
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Chapter Two |
Chapter Three |
Chapter Four |
Chapter Five |
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Economical Analysis
