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Bahrain: Disbursing the annual increase to the pensions of retirees
Bahrain: Disbursing the annual increase to the pensions of retirees

The House of Representatives Services Committee said that it agreed on Monday to retroactively disburse the annual increase in the pensions of retirees, which is less than 1,500 dinars.

The House of Representatives Services Committee said that it agreed on Monday to retroactively disburse the annual increase in the pensions of retirees, which is less than 1,500 dinars, As for pensions of 1500 and above, the committee agreed that the increase would be disbursed when the surplus was realized in the Social Insurance Fund.

The government made extensive amendments to the government law regarding pension fund reforms, and the committee submitted these amendments to the concerned government agencies for study and reaching the desired consensus.

The committee discussed a draft law amending some provisions of the Social Insurance Law promulgated by Legislative Decree No. (24) of 1976, accompanying Decree No. (5) of 2021, where the opinion of the Legislative and Legal Affairs Committee and the opinion of the Financial and Economic Affairs Committee were reviewed. Views of: The Public Authority for Social Insurance, Ministry of Labor and Social Development, Bahrain Chamber of Commerce and Industry, Al Hikma Association for Retirees, Free Federation of Bahrain Trade Unions.

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