Bahrain: The approval of the transfer of 230 million from the unemployment fund to the voluntary retirement

The cabinet approved on the necessary administrative procedures to transfer the 230 million dinars from the surplus of the account of the unemployment fund to the public account of the state to finance the optional retirement program, after the approval of the Board of Directors of the General Authority for Social Insurance.

According to “Al-Ayam” website, this is in accordance with the provisions of Law No. (4) of 2019 on the insurance against unemployment, especially provision (2) in paragraph (c) of Article (8), based on the offer presented by the Minister of Finance and National Economy.

The cabinet decided to ask the Ministry of Finance and National Economy to take all the necessary measures.

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