Social Insurance Organization: Around 420,000 Foreigners Insured, Over 18,000 Receive More than BD 1000
The statistical report of social insurance revealed that there are 419,438 foreigners insured in social insurance, with 383,186 males, 36,252 females.
Parliamentary Inquiry Committee Report: Differences in Hundreds of Millions of Dinars in SIO Calculations
The final report of the Parliamentary Inquiry Committee into pension funds concluded that there are differences in the figures provided by the Social Insurance Organization to the committee amounting to "hundreds of millions of dinars".
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.
Social Insurance Organization Raised 10 Urgent Recommendations to Gov't to Amend Retirement Law
The Social Insurance Organization said that the Board of Directors reviewed the actuarial expert's report on the financial conditions of pension funds in accordance with the financial statements on December 31, 2018.
Salaries to Retirees to be Paid through Business Online Banking Starting November
Social Insurance Organization Chief Executive Officer Eman Mustafa Al-Murbati said that the authority has succeeded in transferring all pensions to retirees through business online banking.
Social Insurance Board of Directors hasn't Convened since Year: Newspaper
The board of directors of Public Authority for Social Insurance has not met for a year, local Al-Bilad newspaper said, noting that the last meeting was held in November 2018.
Gov't Reserves Parliamentary Proposal Eliminating 1% Deduction
The Social Insurance Organization reserved a proposal submitted by the House of Representatives to eliminate the 1% rate paid by the insured to the insurance account against unemployment and to limit the payment of contributions to the government and employers only.
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.
Parliamentary Committee Passes “Unemployment” Amendments: 230 Million from Unemployment Fund Surplus to Finance Voluntary Retirement
The Services Committee in the House of Representatives approved on Sunday (March 17, 2019) amendments to unemployment insurance law, which allows the government to finance the voluntary retirement program from the "unemployment" fund.
SIO Says It Paid Dues of Second Batch of Voluntary Retirees
The Social Insurance Organization said that it had completed all the procedures for transferring pension dues to the accounts of the second batch of those accepted in the voluntary retirement program in the first week from March, during the period from March 4-7.
Eman Al-Murbati Appointed as CEO of Social Insurance Organization
King Hamad bin Isa Al Khalifa issued Royal Decree 56/2018 on appointing Eman Mustafa Mohammed Al-Murbati as Chief Executive Officer of Social Insurance Organization (SIO) for a four-year term.