MP Mohammed Al Marifi has proposed a BD70 increase to retirees’ pensions in Bahrain in order to alleviate financial stress caused by rising living costs and the lack of annual pension adjustments. The proposal is aimed at assisting retirees with meeting basic expenses and maintaining a decent standard of living. Al Marifi emphasized the importance of supporting retirees, who have been the backbone of the country’s development, in their later years. He highlighted the government’s responsibility to provide social security, including access to healthcare and financial support, to protect retirees from poverty and insecurity.
The proposal to increase pensions for retirees is tied to Bahrain’s Economic Vision 2030, which aims to enhance living standards and promote social well-being. Al Marifi argued that the BD70 raise would not only alleviate financial burdens but also contribute to promoting family stability and ensuring retirees can live with dignity. With the cost of living on the rise and adjustments to pensions on hold, Al Marifi urged Parliament to take swift action to prevent retirees from being left behind. The proposed increase is seen as a necessary step to show appreciation for the contributions retirees have made to the country’s development over the years.
The BD70 increase in pensions for retirees is seen as a way to address the financial pressures they face in Bahrain due to the combination of rising living costs and frozen pension adjustments. Al Marifi’s proposal aims to provide retirees with the necessary financial support to help them meet their basic expenses and maintain a decent standard of living. By acknowledging the key role that retirees have played in the development of the country, Al Marifi emphasizes the importance of supporting them in their later years and ensuring they have access to social security measures that protect them from poverty and insecurity.
The proposal to increase pensions for retirees in Bahrain is not only a matter of financial assistance but also a way to promote social well-being and family stability. Al Marifi believes that the BD70 raise will not only ease financial burdens for retirees but also help them live with dignity and maintain their quality of life. The tie-in with Bahrain’s Economic Vision 2030 further emphasizes the importance of improving living standards and ensuring that retirees are not left behind as the country continues to progress. By taking action to increase pensions for retirees, the government can show its commitment to supporting those who have contributed to Bahrain’s development over the years.
The proposal to increase pensions for retirees by BD70 in Bahrain is a response to the growing financial pressures faced by this demographic group, as living costs continue to rise and annual pension adjustments remain frozen. By addressing these challenges, the government can demonstrate its commitment to supporting retirees and ensuring a decent standard of living for those who have contributed to the country’s progress. Al Marifi’s proposal highlights the need for social security measures to protect retirees from poverty and insecurity, particularly in cases of old age, illness, disability, bereavement, or unemployment.
In conclusion, the proposal to increase pensions for retirees by BD70 in Bahrain is a necessary step to provide financial support and ensure a decent standard of living for those who have contributed to the country’s development. By acknowledging the important role that retirees have played in Bahrain’s progress, Al Marifi emphasizes the government’s responsibility to provide social security measures that protect retirees from financial hardship. The tie-in with Bahrain’s Economic Vision 2030 underscores the importance of promoting social well-being and family stability through initiatives that support retirees and improve their quality of life. With Parliament urged to act without delay, the proposed increase in pensions for retirees is seen as a meaningful way to show appreciation for their contributions and ensure they are not left behind in the face of rising living costs and financial challenges.
