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Finance launches funding for retirees’ salaries with an increase of 100,000
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Economy News - Baghdad
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Economy News - Baghdad
The Iraqi Ministry of Finance announced, on Wednesday, the start of financing the salaries of retirees (civilian and military), taking into account an increase of 100 thousand dinars, starting this month of November.
The Ministry stated in a statement received by Al-Eqtisad News that the Ministry’s Accounting Department began launching funding for the salaries of civil and military retirees for the month of November, with the implementation of the Council of Ministers’ decision to calculate an increase of 100 thousand dinars on the pension salaries of those who receive a pension with allocations of less than one million dinars. ".
The Ministry stressed that “the administration of Al-Rafidain and Al-Rasheed Banks and the National Retirement Authority will expedite the completion of procedures for paying the salaries of civil and military retirees via electronic payment cards,” calling on “all civil and military retirees who will receive text messages to review the bank branches and automated teller machine outlets in Baghdad and the provinces to receive their salaries.”
The ministry's statement indicated that this comes as "a continuation of the Prime Minister's initiative to support the segment of retirees, and in implementation of Cabinet Resolution No. 23599 of 2023, and in accordance with the directives of the Minister of Finance, Taif Sami Muhammad."
It is noteworthy that the Iraqi Council of Ministers approved, on the twenty-fourth of last October, an increase in the salaries of retirees worth 100 thousand dinars.
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