The Minister of Finance, Fahd Al-Jarallah, has initiated a substantial retirement initiative within the ministry, encompassing 60 employees. It appears that this initiative is now extending to affiliated institutions and entities within the domain of his ministry where eligible employees are being referred for retirement in accordance with the provisions of Article (76) of the civil service system.
The Al-Rai daily has learned that approximately 230 employees at the Central Bank of Kuwait and the Public Institution for Social Security (PIFSS) are potential candidates for retirement referrals. Additionally, 27 employees and leaders across various sectors of the Kuwait Investment Authority, meeting the retirement criteria, have already been definitively referred for retirement.
Sources highlighted that Minister Al-Jarallah requested retirement-eligible employee lists from the CBK and PIFSS and the latter is said to have already compiled its list, while the Central Bank is expected to submit its list soon. This initiative could potentially be the most extensive in years, covering multiple entities simultaneously.
The sources indicated that officials at the Insurance Institute sought feedback from eligible employees regarding their preference for retirement or extension.
A significant portion expressed a desire for referral. It was noted that Minister Al-Jarallah’s action aligns with government directives to rejuvenate the workforce and create opportunities for young national talent to contribute to the advancement and enhancement of work.