MP Abdulnabi Salman confirmed that the government has withdrawn more than BD 700 million from the pension fund in order to support Gulf Air.

The Al-Wefaq National Islamic Society refused infringing on citizens' rights, stressing the need to involve citizens in making decisions related to their money and rights.

Al-Ayam newspaper quoted parliamentary sources as saying that the meeting between representatives of the government headed by Minister of Finance with the Parliament's Services Committee on Sunday did not reach an agreement on the decree of the pension law which the government referred to the House of Representatives last summer.

A member of the Board of Directors of the Social Insurance Authority, representative of the General Federation of Bahrain Trade Unions, Suad Al-Mubarak, revealed that the Council approved 16 recommendations that included merging funds and stopping the annual raise for retirees.

A government meeting in Bahrain discussed with the Social Insurance Organization's Board of Directors an urgent reform package aimed at extending pension and insurance funds to 2086.

The Social Insurance Organization said that the Board of Directors reviewed the actuarial expert's report on the financial conditions of pension funds in accordance with the financial statements on December 31, 2018.

The Chairman of Osoul Company (investment wing of the Social Insurance Authority), Rashid Al-Mir said the company is considering investing in a project with the Ministry of Oil worth about one billion dollars.

Assistant Secretary-General of Committee affairs, sessions and parliamentary support Rashid Mohammed Bunejma denied the House of Representatives receiving of any bill regarding retirement.

Recent figures showed that the number of retirees rose to 52,673, after amounting to 48,331 in 2016, i.e. an increase of 4,442 in one year in both the public and private sectors.