Sunday 24 June 2018

Bahrain private sector pension hike proposed

Manama, February 5, 2014

Retirees from Bahrain's private sector could receive an annual three per cent increase in their pensions if a parliamentary proposal is implemented.

If approved by the Cabinet, it will bring them in line with government sector pensioners, who already receive a three per cent annual rise, said a report in the Gulf Daily News (GDN), our sister publication.

MPs also approved a proposed bill to enable the Central Informatics Organisation database to access information about Gulf nationals and residents through their smart cards.

They also approved two government-drafted bills and referred them to the Shura Council for review. They were: mutual taxation agreement between Bahrain and China, and a unified GCC law that prevents cruelty to animals.

Meanwhile, parliament postponed discussions on the new rents law for two weeks to allow further input from the Municipalities and Urban Planning Affairs Ministry. - TradeArabia News Service

Tags: Bahrain | Private | rise | sector | Pension |

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