KUWAIT - Amendments to Kuwait's pension schemes approved by lawmakers offer retirees some perks while not undermining the Public Institution for Social Security, Finance Minister Barak Al-Shaitan said on Tuesday.
"These changes help ease the financial burden on our citizens," the minister said amid a parliament session, emphasizing that Kuwait's pension fund has always sought to look after the best interests of retirees.
Kuwait's parliament approved, in the first deliberation, amendments to a social insurance law concerning the value of monthly installments off pensions, bringing it down from 25 to 10 percent.
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