Bahrain retirees receive pension increase

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The pension rise to the salaries of retirees from January 2021 to April 2022 has been deposited in their bank accounts.

This was announced by Social Insurance Organisation (SIO) Chief Executive Officer Eman Mustafa Al Murbati in implementation of the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.

The directives align with reforms to the retirement and social insurance pensions that will consolidate the fund’s sustainability and preserve the rights of retirees and participants.

The CEO expressed her gratitude to His Majesty King Hamad bin Isa Al Khalifa for ratifying and promulgating Law No. 13/2022 amending some provisions of Law No. 13/1975 with regards to the Regulation of Pension and Retirement Benefits for Government Employees, and Law No. 14/2022 on amending some provisions of the Social Insurance Law issued by Decree-Law 24/1976, following the approval of the Shura and Representatives Councils.

She thanked HRH Prince Salman for his attention to retirees’ rights and enhancing the sustainability of pension funds. Al Murbati praised the legislative branch’s cooperation with the government in discussing and approving the pension reforms that culminated in disbursing an increase of 3% for retirees for the past two years.

She explained that the increase included all pensions paid to beneficiaries on behalf of the deceased as well, with a total of more than 95,000 retirees and qualified citizens. The amounts were retroactively deposited in their accounts within the pensions of the current month.

They will be disbursed monthly starting in May. She pointed out that the increase will be disbursed at a rate of 3% for 2021 and 2022, but it will not exceed BD30.