HM directive to reconsider retirement, pension bills
His Majesty King Hamad bin Isa Al Khalifa has directed the government to reconsider the retirement and pension bills, taking into consideration all views and remarks expressed during discussions at the Shura and Representatives Councils as well as views expressed by citizens and the media. The directive to reconsider the two bills was made as he received HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister and Speaker Ahmed bin Ibrahim Al Mulla and Shura Chairman Ali bin Saleh Al Saleh.
The re-evaluation should achieve national consensus among the State’s authorities and respective institutions to introduce the necessary modifications on both currently applicable laws to ensure the continuous capability of the pension and insurance funds to fulfil their obligations vis-à-vis future generations. His Majesty also directed to reconsider the development of the pensions system in future to ensure preservation of citizens’ rights, secure financial stability of pension funds through the enhancement of areas of investment to boost the diversification of sources of income that reflect in the improvement of standards of services provided to pensioners in future.
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