Social security and those whose citizenship has been revoked
Summarized and contextualized by DistantNews.
At a glance
- Kuwait's Public Institution for Social Security (PIFSS) decided to refund contributions to employees whose citizenship was revoked.
- The decision aims to address the PIFSS's actuarial deficit and utilize the workforce's potential.
- The author suggests developing new laws to better integrate expatriate workers and boost commercial activity.
Kuwait's Public Institution for Social Security (PIFSS) has decided to refund social security contributions to employees whose citizenship has been revoked. This decision comes amid reports of an actuarial deficit facing the PIFSS, which requires reduction. The employees affected by this decision have contributed to the institution for many years, with their installments invested and generating profits.
The author argues that these workers are entitled to a share of those profits. The article draws parallels with other countries' social security systems, which often provide pensions or permanent residency to long-term resident workers. When a worker leaves the country after receiving their compensation, Kuwait loses a valuable workforce and their contribution to commercial activity.
To mitigate the negative consequences, the article proposes utilizing expatriate workers whose citizenship has been revoked as a societal force to boost commercial activity and the national product. It suggests developing new laws that facilitate the integration of their skills and the potential of all residents in Kuwait, emphasizing that the nation needs capable individuals to drive its economy forward. The author stresses the importance of a calm approach to decision-making, carefully weighing consequences to build for the future.
Originally published by Arab Times. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.