14 October 2018
Bahrain Culture Authority Organizes a Workshop on Voluntary Retirement Scheme
Bahrain Authority for Culture & Antiquities’ Human & Financial Resources Directorate held an induction meeting at the Museum Lecture Hall for its staff on the new Voluntary Retirement Scheme for government employees. The new initiative is designed to streamline government revenues and increase private sector growth.
Mr. Ayman Al-Yaqoobi, Head of Employees’ Affairs Department, gave a detailed presentation on the new Voluntary Retirement Scheme that is now open for registration between Tuesday 9 October and 8 November 2018. Mr. Al-Yaqoobi added that participants must have served in their role for a minimum of 10 years, and cannot be working in a senior position, such as directors, assistant undersecretaries and undersecretaries. Measures are in place to ensure public sector functions will not be affected by the voluntary retirement scheme and that participants, once deemed eligible, could not enlist in any government service employment.
Mr. Ayman Al-Yaqoobi added that that the scheme provides eligible participants with early access to end-of-service packages and incentives consistent with existing laws and regulations, including access to a cash sum equal to five years’ additional service, end-of-service promotion for entitlements and end-of-service indemnity. Indeed, the one-off scheme provides eligible participants with early access to end-of-service packages and incentives consistent with existing laws and regulations, including access to a cash sum equal to five years’ additional service, end of service increments for those eligible and end of service indemnity. This scheme also allows an opportunity to enhance contribution to the Kingdom’s economic growth through entrepreneurship or participation in the private sector.
BACA’s employees attended the workshop and interacted with the presentation, questions and answers by Human & financial Resources specialists, while some voiced their readiness to enter the program and benefit from these incentives. In fact, the Voluntary Retirement Scheme, a new initiative designed to streamline government revenues and increase private sector growth and The Kingdom of Bahrain’s development.
