Employer's Obligations Towards the Social Security Fund in Light of the Provisions of Libyan Legislation

Abstract

This paper investigates the nature of the employer's obligations towards the Social Security Fund in light of the Libyan Social Security Law. The study reveals that the employer's commitments are divided into two main categories: administrative obligations and financial obligations. Administrative obligations include the mandatory registration of the workplace entity with the Social Security system, as well as the registration of all employees. Financial obligations center on the payment of mandatory social security contributions. The research emphasizes the legislative endeavor to ensure that these legal provisions are appropriate, striking a balance between the financial stability of the Social Security Fund (as contributions represent the primary funding source) and the economic situation of the enterprise. Failure by the employer to comply with these obligations exposes them to various penalties and legal consequences. The paper concludes that the registration process is the cornerstone of the Social Security system, securing the rights of the insured and ensuring the continuity of the Fund's resources.