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Thursday , October 22 2020

‘1,485 applied for early retirement’

KUWAIT CITY, July 31: The Public Institution for Social Security has confirmed that the new pension law contains several advantages, notably the pensioner’s right to apply for the net of seven pensions in advance one time, reports Annahar daily.

The institution disclosed in a press statement that the number of applicants for this benefit from April 1 until the end of June reached 35,583. It added that the number of beneficiaries of the Optional Early Retirement Law, which gives benefits from the social security system since its application from April 1 until the end of June reached 1,485 – 999 men and 486 women.

It pointed out that the number of beneficiaries of the latest amendments to the provisions of the fifth section of the Social Security Law as at the end of December last year reached 15,000 – the total number of participants in this section. It is expected that the number will increase in the coming years

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