Article 77 of Social Insurance Law

The Institution may commute the rights of insured persons and pensioners in their retirement pensions into cash. The commutation value shall be determined in accordance with Schedule No. (2 / a) or No. (2) b) attached to this Law, as the case may be. The portion of the actual or hypothetical retirement pension remaining after commutation must not be less than (50) of the salary referred to in Articles (19) or (61) of this Law, as the case may be. The Minister shall, after the approval of the Board of Directors, issue a decision concerning the rules, conditions and cases of commutation and the amounts required to be repaid in return for discontinuing it, provided that the commutation period during service shall be (5) years.