Establishing a fund for social solidarity at the university
The President of the University issued Decision No. 6 of 2020 AD to cancel his decision No. 47 of 2008 AD to establish the University Social Benefits Fund and the establishment of the Social Solidarity Fund as an alternative to it. It develops the spirit of cooperation between them and provides assistance to the worker (subscriber in the fund) or his family if he is faced with unusual circumstances or in cases of death.
The decision specifies the financial resources of the fund, as the university will contribute 30 thousand dinars annually to be allocated from the university\’s revenues, until the fund account value reaches 60 thousand dinars, in addition to the fines collected on users according to the university employees\’ penalties list, in addition to membership fees and the subscription value The members of the fund are deducted (based on their written approval) from their salaries, wages or bonuses, provided that the fund’s general assembly determines the value of the membership fee and the value of the monthly subscription.
The decision indicated that the fund’s general assembly (consisting of all the fund’s subscribers) undertakes the issuance of the articles of association, which includes the principles and rules for selecting the fund’s management committee from a chairman, two members, a secretary, and a financial auditor, and determining their remuneration, in addition to specifying the fund’s membership fees, the monthly subscription fee, financial transactions, and aspects. Paying them and keeping their documents, determining the causes, circumstances, and conditions in which the fund is competent to provide assistance to the subscriber, determining the financial value of the financial aid provided by the fund to the subscribers in the cases, circumstances, and conditions in which the fund provides assistance to the subscriber when exposed to them, and stating the conditions for their entitlement and the controls for their disbursement, and the conditions for granting subsidies and determining their ceiling And the rules and regulations related to it.
The decision emphasized the assignment of the university’s financial management or whoever it authorizes to review and examine the fund’s accounts, in accordance with the principles, standards, accounting rules, and legislation regulating this, and to submit a report to the university president every three months, and to submit a report to the Fund’s Management Committee at the end of each fiscal year, for presentation to the Fund’s General Assembly.
