– Minister of Finance and Minister of State for Economic and Investment affair Abdulwahab Al-Rashid on Thursday announced that executive procedures were finalized to enforce the bill granting Kuwaiti pensioners KD 3,000 (nearly USD 9.780) each and hike the value of pensions.
“At the behest of His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, the bill was passed by the National Assembly yesterday and endorsed by His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah today,” the minister told KUNA this evening.
“The disbursement will start as from next week after coordination with banks,” he made clear.
Al-Rashid thanked the political leadership for their quick endorsement of the bill and constant care for pensioners, appreciating the efforts of the leaders and staffers of the Public Institution for Social Security.
Source: Kuwait News Agency