Sunday , September 23 2018

Tag Archives: retirement

‘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 …

Read More »

MPs to revive retirement bill

KUWAIT CITY, July 11: MPs are keen on approving the Early Retirement Bill (No. 177/2018) in the first session of the next legislative term which will start in the latter part of October. The government rejected the bill and returned it to the National Assembly on grounds that it is …

Read More »

Early Retirement Law recently passed source of worry for MPs

58 people with special needs appointed so far: MP KUWAIT CITY, June 14: The Early Retirement Law, which the National Assembly passed recently, continues to be a source of worry for MPs as some of them believe it will be rejected and returned by the government. MP Ali Al- Duqbassi …

Read More »

Future Fund up, Finance tells panel

MP VOWS COMEBACK ON EARLY RETIREMENT BILL FOR JOBS KUWAIT CITY, June 4: Finance Minister Nayef Al-Hajraf has said that the performance of Kuwait’s Future Generations Fund (FGF) is “very good and there is no decline in its assets.” On the contrary, the value of the FGF assets is continuously …

Read More »

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 …

Read More »

Panel rejects govt amendments to retirement law

Bid to protect employees from early retirement KUWAIT CITY, April 25: The Financial and Economic Affairs Committee of the National Assembly has rejected by a majority vote government amendments to the early retirement law. The Committee’s Rapporteur MP Saleh Ashour said the committee has rejected the amendment after the first …

Read More »

Economists say early retirement bill will have negative consequences

‘Solving a problem should not happen by creating a bigger problem’ KUWAIT CITY, April 15: A number of economists revealed their objection to the implementation of the early retirement bill in terms of its high cost and negative consequences, reports Aljarida daily. Executive Chairman of National Bank of Kuwait Essam …

Read More »

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 …

Read More »

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 …

Read More »

MPs back proposal to cut Kuwaitis service

Govt objects early retirement plan KUWAIT CITY, Jan 2: The proposal to reduce the service period for Kuwaiti employees to 25 years for men and 20 years for women is being supported by 40 MPs, which makes it difficult for the government to dismiss the proposal, as with the case …

Read More »
Translate »
Social media & sharing icons powered by UltimatelySocial