Bahrain merges government employees’ pension fund and the social insurance fund – ZAWYA

Bahrain merges government employees’ pension fund and the social insurance fund – ZAWYA

Bahrain merges government employees' pension fund and the social insurance fund | ZAWYA MENA Edition HomeEconomyGCCArticleBahrain merges government employees' pension fund and the social insurance fund The annual increase shall be suspended on all pensions prescribed under any law, pension or insurance scheme    His Majesty King Hamad yesterday issued a decree-law merging the government employees' pension fund and the social insurance fund.The Social Insurance Organisation (SIO) will manage the new-look entity which will be known as Pension and Social Insurance Fund (PSIF).The PSIF resources consist of all contributions, amounts, fees and benefits that are paid to the government employees' pensions fund.The Social Insurance Organisation (SIO) will manage the new-look entity which will be known as Pension and Social Insurance Fund (PSIF).His Majesty King Hamad yesterday issued a decree-law merging the government employees' pension fund and the social insurance fund.The PSIF resources consist of all contributions, amounts, fees and benefits that are paid to the government employees' pensions fund.The returns of the PSIF investments and proceeds generated by other activities will also be injected into the newly-established fund.Under the decree-law, the annual increase shall be suspended on all pensions prescribed under any law, pension or insurance scheme.If the actuary report