Retirement age in Kuwait

October 6, 20170 Comments

 Kuwait has the lowest retirement age among the Gulf countries — 55 years old for men and 50 years old for women, reports Al- Jarida daily quoting the Public Institution for Social Security (PIFSS).

The latest statistics released by PIFSS revealed that the retirement age in the public and private sectors in the United Arab Emirates (UAE) and Qatar is 60 years old for both genders; while in Saudi Arabia, Oman and Bahrain, the retirement age is 60 years old for men and 55 years old for women.

Also, Kuwait has the lowest contribution paid by the employee, employer and the State — the employee pays five percent of the salary, the employer pays 10 percent and the State pays 10 percent.

In the UAE, the employee pays five percent, the employer pays 15 percent in the public sector and 12.5 percent in the private sector while the State pays 2.5 percent. In Bahrain, the employee pays six percent and the employers in both sectors pay nine percent. In Saudi Arabia, the employee pays nine percent while the employers in both sectors pay nine percent.

In Oman, the employee pays seven percent while the employer in the public sector pays 17.7 percent and 11.5 percent in the private sector in addition to 5.5 percent paid by the State. In Qatar, the employee pays five percent and the employers in both sectors pay 10 percent.

Source : Arabtimes

Retirement age in Kuwait was last modified: by

Filed in: AllLocal News
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