A member of the Board of Directors of the Social Insurance Authority, representative of the General Federation of Bahrain Trade Unions, Suad Al-Mubarak, revealed that the Council approved 16 recommendations that included merging funds and stopping the annual raise for retirees.

The Secretary-General of the GFBTU Abdulqadir Al-Shihabi said that the Board of Directors of the Social Insurance Authority is considering a package of amendments to the social insurance system, most notably the elimination of the 3% annual increase for retirees, among other benefits.

A journalist accused the Board of Directors of the Bahraini General Authority for Social Insurance of approving a salary structure with an increase of 260%.

The market value of Ahli United Bank (AUB) rose between June 25 and recently by 290.3 million BD, increasing from 1.8 billion to 2.1 billion.

The Shura Council announced in its session on Sunday that it received a letter from speaker of House of Representatives, Ahmed Al-Mulla, about the council’s conclusions regarding the new bill that stipulates amending some provisions of the public authority for social insurance and the other bill that stipulates amending some provisions of law on “military retirement”.

Public authority for social insurance said it is ready to receive requests to buy 5 virtual service years for private sector employees, after the king ratified the law that was recently passed by the House of Representatives and Shura council.

General Authority for Social Insurance issued a decision regarding the system of employees subject to the provisions of Law No. 13 of 1975 on the organization of pensions and retirement benefits of government employees.

The service committee in the House of Representatives approved a bill allowing the insured people from the civil sector to purchase a maximum of virtual working years, as the employees, officers and people working in both governmental and military sectors.

Number of Bahraini women working in the private sector reached 30,284, official statistics revealed. The jobs these women occupy are divided into 10 categories, including finance and accounting, education, construction and contracting, transport and services, IT, healthcare, law among others.

The Bahraini Council of Representatives (Parliament) decided to form investigative committees to look into medical services in public hospitals and medical centers and pension funds managed by the Public Authority for Social Insurance.

Bahrain Mirror: The local Bahraini Al-Wasat newspaper said that the salaries of 3,154 officials in the private sector of the Kingdom of Bahrain are equivalent to what approximately 100,000 workers in the private sector earn.