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Selfish foreign retirees - ARAB TIMES

Messenger Two days ago, I wrote about a proposal for retirees to share part of the Public Institution for Social Security’s (PIFSS) profits. As I expected, those opportunists who disagree with me and do not care about the future of the country or the welfare of its citizens attacked me personally and incited the adults against me, as if I were a direct beneficiary of depriving retirees of the profits of their institution. My view is clear: It is not permissible by law, norm, nor by accounting at all, for the retirees to share in any part of the institution’s profits, since this money belongs to the retirees, the government employees and private companies, and withdrawing any money from the institution’s reserves constitutes direct damage to the participants in the insurance including our children and makes the distribution of part of the profits to retirees improper, other than its illegality.

Handling funds for retirees - ARAB TIMES

Messenger For nearly a year, Kuwait’s credit ratings have been continuously downgraded by international rating agencies, which have great influence in the world of finance. A negative rating affects the financial reputation of any country, limits its ability to borrow and increases its cost due to the risk factor. Despite the tendency (by some people) to place the responsibility on the shoulders of senior officials for showing reluctance to take appropriate decisions and cover the deficit, it is the direct responsibility of the Minister of Finance, who is primarily responsible for the state’s financial position and reputation. Accordingly, the responsibility for the continued decline in the rating falls on him, and his silence or his negative attitude has caused us to lose a lot, reputation and money.

Al-Rajaan extradition ongoing ; Poet arrest hit - ARAB TIMES

Al-Rajaan extradition ongoing ; Poet arrest hit - ARAB TIMES
arabtimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabtimesonline.com Daily Mail and Mail on Sunday newspapers.

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