Kuwait Finance Minister Dr. Nayef AlHajraf said Sunday a draft law at the parliament over early retirement included seven new benefits, and would not affect existing rights.
The draft law will not increase retirement age nor years of service, and will allow civil servants to retire early as well as reducing retirement age of females, AlHajraf said in a seminar at the Economic Society.
The bill, he added, treated single and married women equally thus allowing them to retire once they completed 15 years of service and 48 years of age. “The draft law is fair and balanced, achieves public benefit for people registered in social security, and provides many retirement options,” he said.
AlHajraf asserted there would be additional cost but it would be manageable. The National Assembly’s Finance Committee decided earlier today to postpone a vote on the draft law for two weeks for further study.
