Crown Prince's Yacht Costs Enough to Cover Retirees' Salary Increase for 6 Years
When it comes to adding taxes in Bahrain, it is only applied to the hungry and unfortunate, who are in dire need of a single dinar and struggling to live day by day, while members of the royal family spare no expense.
Bahraini Gov't Studies 12 New Recommendations to Amend Retirement Law
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.
Gov't Team Approves "Controversy" Urgent Decisions Package to Extend Pension Fund to 2086
A government meeting in Bahrain discussed with the Social Insurance Organization's Board of Directors an urgent reform package aimed at extending pension and insurance funds to 2086.
2,242 New Retirees during 2018: Statistics
A statistics released by the Social Insurance Organization revealed that the total number of new retirees reached 2,242, including 9 disciplinary retirees, and 3 retirees due to judicial rulings during 2018.
King Hamad Ratifies Law Amending Social Insurance Law Allowing Addition of 5 Virtual Service Years
King Hamad bin Isa Al Khalifa ratified law amending social insurance law allowing the addition of 5 virtual years to service.
Oil Minister Says his Ministry will Invest “Retirement Funds” in its Projects
Oil Minister Mohammed bin Khalifa Al Khalifa (son of BDF commander-in-chief Marshal Khalifa bin Ahmed) said that the ministry is studying the launch of investment fund with the cooperation of (Osool) that manages general organization for social insurance in order to invest in the country's oil sector.
NAO: Actuarial Deficit of Retirement Fund Increased to 10.6 Billion BD at End of Last Year
The National Audit Office report for the years 2016-2017 revealed that the actuarial deficit of the public and private retirement funds reached 1.06 billion BD at the end of 2016 after it was 6.3 billion BD at the end of 2012, i.e. a 73% increase.
Local Paper: Bahrain Mumtalakat Co. Fails to Pay "Retirement Fund" 100 Million Dollar Loan
Bahrain Mirror: The local Bahraini Al-Bilad newspaper owned by the son of the Prime Minister Ali Bin Khalifa Al Khalifa reported that the Bahrain Mumtalakat Holding Company haven't paid any installment of the USD 100 million loan borrowed from the Retirement Fund.