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Monday , January 18 2021

Bill ends social security cuts from end-of-service in oil

Probe urged into Port Board resignations

KUWAIT CITY, March 11: The parliamentary Health, Social and Labor Affairs Committee on Sunday met representatives of the oil sector, Public Institution for Social Security (PIFSS), Ministry of Social Affairs and Labor, Kuwait Workers General Union, Kuwait Chamber of Commerce and Industry (KCCI), and Banks Union.

The committee discussed a bill prohibiting deduction of social security contributions from the employees’ end-of-service benefits which, once approved, will be applied retroactively from 2010.

Committee Chairman MP Hamoud Al-Khudair disclosed that social security contributions were deducted from the benefits of retirees from 2010 to 2017. He affirmed the committee, as well as the representatives of the oil sector and PIFSS, fully support the proposal; hoping to get approval from other concerned institutions to include the bill in the agenda of the National Assembly within three weeks. He added the beneficiaries of this bill include 3,150 oil sector workers.

Meanwhile, MP Khalil Abdullah Aboul said he and some of his colleagues intend to request for investigation to determine reasons behind the resignation of four members of the Board of Directors of Kuwait Ports Authority (KPA) in the next session of the Assembly.

He pointed out KPA is considered the second most important State institution; hence, the need to look into this issue seriously in order to solve legal and administrative problems. He confi rmed the lawmakers are keen on addressing imbalances in State revenues as such matters will negatively affect the economy and the country’s future.

Furthermore, the Financial and Economic Affairs Committee on Sunday discussed a number of items in its agenda in the presence of Finance Minister Nayef Al-Hajraf. During the meeting, the minister conf rmed that the pension of retired personnel in the Police, Army, National Guard and firefighters will be paid at the beginning of April.

On the other hand, Committee Chairman MP Salah Khorshid said the panel will meet again on Wednesday to talk about the report of the company tasked to study the proposed reduction of retirement age and interest rate on loans granted to retirees.

By Abubakar A. Ibrahim Arab Times Staff

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