BD 230 million to finance VRS

Prime Minister HRH Prince Khalifa bin Salman Al Khalifa yesterday approved one-time funding of BD230 million to finance the government’s Voluntary Retirement Scheme. The fund, HRH Premier while chairing the weekly Cabinet meeting said, will be moved to the public account from the surplus of the Insurance against Unemployment account.

Approved by the Board of Directors of the Social Insurance Organisation, the move is in line with Law 4/2019 on amending some provisions of Decree-Law 78/2006 on Insurance against Unemployment.

The Minister of Finance and National Economy was requested to take the necessary procedures to transfer the amount.

Hospitals to be run by a board

The session endorsed a recommendation by the Ministerial Committee for Legal and Legislative Affairs on a draft-decree to form a board of trustees for government-funded hospitals and another for primary health care centers.

The two boards of trustees will carry out the tasks stipulated in the Social Insurance Law promulgated by Law 23/2018.