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Friday , November 16 2018

Tag Archives: retire

‘Early retirement law contentious issue between exec and legislative authorities’

KUWAIT CITY, Sept 1: The early retirement issue is still a contentious matter between the executive and legislative authorities especially after the government opposed it but with clear differences in viewpoints in terms of justification for opposing it and the manner for solving it, reports Al-Anba daily. The parliament’s point …

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Retirees may open 8,000 jobs yearly

Panel nod for amendment to Company Law KUWAIT CITY, May 7: The Financial and Economic Affairs Committee of the National Assembly on Monday approved an amendment to the Company Law which will be presented to the National Assembly for voting. The committee’s Rapporteur MP Saleh Ashour explained the meeting, which …

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134 vacancies created by 90 Kuwaiti retirees

‘Subsidies to holders of in-house business will be paid by May ’18’ KUWAIT CITY, April 2: Rapporteur of Parliament’s committee for improving business environment MP Yousef Al-Fadhala affirmed that national labor subsidies will be paid to holders of in-house business licenses maximum by May 2018. In a press release, Al-Fadhala …

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Retirees loan interest reduced by 2.5 percent

KUWAIT CITY, Jan 6: The interests of loans granted to retirees have been reduced by 2.5 percent, reports Al-Anba daily quoting legal sources. They praised the move, stressing that the current interest of 6.5 percent is relatively high compared to the interest rate specified by the Central Bank of Kuwait …

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MoE preparing list of employees over 34 years – 120 citizens, 217 expatriates face compulsory retirement

KUWAIT CITY, Dec 27: The Ministry of Education has prepared list of Kuwaiti and expatriate teachers and employees who will be referred for retirement by the end of academic year 2017/2018 including those who completed 34 years of service, reports Al- Qabas daily quoting sources. Sources revealed the number of …

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Kuwait has lowest retiring age among GCC countries – PIFSS

Reducing retiring age will worsen the problems of the institution KUWAIT CITY, Oct 5: Kuwait has the lowest retirement age among the Gulf countries — 55 years old for men and 50 years old for women, reports Al- Jarida daily quoting the Public Institution for Social Security (PIFSS). The latest …

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Customs to retire 80 employees – ‘No exceptions made’

KUWAIT CITY, Sept 24: Director of the General Administration of Customs Jamal Al-Jalawi said no exceptions are made when it comes to sending into retirement all those who have completed 34 years of service, reports Al-Rai daily. Al-Jalawi revealed the customs administration is in the process of issuing a decision …

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MP seeks Retirement Law review

KUWAIT CITY, Jan 4: MP Faisal Al- Kandari has called for a review of the Citizens Retirement Law, pointing out the law is unfair and so it should be amended. In a press statement, Al-Kandari suggested granting women the right to retire after 15 years in service and 20 years …

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Labor minister denies plans to end contracts of expats aged 50 & above

KUWAIT CITY, Feb 8: Minister of Social Affairs and Labor, and State Minister for Planning and Development Affairs Hind Al-Sabeeh has denied that the ministry is planning to end the contracts of expatriates aged 50 years and above as part of the expenditure reduction policy adopted by the state these …

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156 general attorneys referred for retirement sans prior notice

KUWAIT CITY, Jan 30: About 156 general attorneys were unexpectedly referred for retirement without any prior notice, reports Al-Shahed daily quoting informed sources. They said this issue has created a huge gap and a number of vacancies in leading positions as well as hindered the workflow. The sources explained that …

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