King Hamad Ratifies Law Amending Social Insurance Law Allowing Addition of 5 Virtual Service Years
2018-05-22 - 12:54 am
Bahrain Mirror: King Hamad bin Isa Al Khalifa ratified law amending social insurance law allowing the addition of 5 virtual years to service.
Law 17/2018 on amending Article (36) of the Social Insurance Law promulgated by Decree-Law 24/1976 stipulates:
"The insured may also request an addition of a default service period for the period of his insurance contribution not exceeding five years. Provided that the period of service computed after retirement and after termination of service does not exceed the limit of the qualifying period for the maximum pension. The maximum amount of the period of virtual service in accordance with the provisions of this Article shall be determined by the non-use of a term of service by the Insured in accordance with any applicable insurance or pension law. The default periods shall be calculated within the qualifying periods of the pension only by the insured's period of contribution stipulated in Articles 34 and 37 of this Law."