.jpg?20260326')
MPs are expected to debate a proposal to study the establishment of an Emergency Pension Reserve Fund at their weekly session on Tuesday.
The proposal suggests that the fund should operate as a sovereign wealth fund, investing in foreign financial assets to generate sustainable returns.
Its funding model would be similar to Bahrain’s Future Generations Reserve Fund, ensuring financial independence without burdening existing pension contributors.
The MPs who presented the proposal pointed out that it aligns with Article 5 (c) of the Constitution.
According to an explanation attached to the proposal, the Emergency Pension Reserve Fund would:
- Support the pension and social insurance fund to address actuarial deficits.
- Ensure financial security for current and future retirees.
- Guarantee long-term sustainability of pension payouts.
Parliament’s financial and economic affairs committee has endorsed the proposal, acknowledging its necessity in light of the current challenges facing Bahrain’s pension system.
The Social Insurance Organisation (SIO) supported the proposal’s objectives, noting that both the legislative and executive branches have been actively working on reforms to extend the lifespan of the pension system.
However, it highlighted that the matter falls outside its jurisdiction and would require co-ordination with relevant government entities.
Meanwhile, a proposal urging ministries and institutions to grant full-time leave to national team athletes during regional and international competitions is also set for debate on Tuesday.
The MPs, who put forth the proposal, argue that granting athletes official work leave during tournaments will:
- Ensure that all government ministries and institutions comply with a standardised policy for releasing national team athletes.
- Enable Bahraini athletes to fully dedicate themselves to training and competing at the highest levels.
- Maximise Bahrain’s potential for achieving excellence in regional and international sports competitions.
The Civil Service Commission noted that existing laws already regulate sports leave, ensuring government employees can participate in national and international sporting events.
“Article 20 of the 2010 Civil Service Law defines different types of leave, including special leave, which can be granted based on eligibility and approval by the relevant authority,” it explained.
“It also allows athletes, coaches and support staff to take special leave during training and competitions.
“Additionally, the General Sports Authority has the authority to approve sports leave requests in co-ordination with relevant ministries and employers.”
The GSA confirmed that the proposal’s objectives are already being covered.
Top stories for today:
Cold weather
20 societies in kingdom reject Trump’s Gaza plan
British Club celebrates nine decades of love and laughter
&uuid=(email))