SIO completes preparations to disburse revised cost-of-living allowance for retirees
The disbursement, carried out in coordination with the relevant authorities, includes retroactive payments covering the difference between the previous and revised allowances for the period from January to April, and will coincide with the April pension disbursement.
Sahar Rashid Al Mannai, Chief Executive Officer of the SIO, said that the approved allowance amounts are as follows:
– BHD 230 per month for pensions not exceeding BHD 700.
– BHD 205 per month for pensions between BHD 700 and BHD 1,500.
– BHD 115 per month for pensions exceeding BHD 1,500.
Al Mannai added that the SIO notified all eligible recipients of the retroactive amounts via text messages, sent separately from the usual monthly pension notifications. She underscored that the Organisation continues to work towards ensuring the financial sustainability of pension funds and delivering services to retirees with the highest standards of quality and accuracy.
BNA(R)
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