Bahrain: Average retirement age drops to 46 years.

Bahrain -The Social Insurance Authority said that the payment of the improved living allowance to all retirees led to early retirement, especially low wage earners, resulting in a decline in the retirement age in the private sector from 50 years in 2010 to 47 and 46 years in recent years. It was also considered that the suspension of foreigners insurance in the elderly, disability and death department in the private sector on May 3, 1977, only nine months after the issuance of the Social Insurance Law is one of the reasons actuarial deficits in the pension funds, For non-Bahraini workers. In this context, the reduction of the contribution rate in 1986 had a negative impact on the funds, where the contribution rate was 21% of the insureds salary, and fell to only 15%. The contribution of the government to securing the civil public sector for old age, disability and death was 14% and was reduced in 1986 to 7%. The contribution of the employee was 7% of his salary and decreased to 5%. In the private sector, Employer paid 11%, and it decreased to 7%, employee ratio was 7%.