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Parliamentary warning: Pension fund threatened with "bankruptcy"
BAGHDAD -
The Parliamentary Finance Committee warned Friday of the bankruptcy of the General Pension Fund in the absence of quick action to solve the problems suffered by the Fund.
The committee member MP Jabbar Abdul Khaliq told the Journal News that "officials in the General Pension Fund complain about the lack of financial resources that enter the fund with the large increase in the number of eligible for retirement because of the increase in the rate of people who receive financial dues without payment of pre-payment qualify them For a salary ".
He added that "the Fund suffers from increasing the rate of external funds with the corresponding lack of funds received to him," stressing "the government to cancel the payment of salaries to non-eligible persons and amend mechanisms to obtain pension benefits."
He pointed out that "the funds of the Fund must invest correctly so that the Fund can increase its resources to avoid entering the crisis of bankruptcy in the future."
"Fund officials warned against the risk of bankruptcy in the event of any quick government adjustments," he said.
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BAGHDAD -
The Parliamentary Finance Committee warned Friday of the bankruptcy of the General Pension Fund in the absence of quick action to solve the problems suffered by the Fund.
The committee member MP Jabbar Abdul Khaliq told the Journal News that "officials in the General Pension Fund complain about the lack of financial resources that enter the fund with the large increase in the number of eligible for retirement because of the increase in the rate of people who receive financial dues without payment of pre-payment qualify them For a salary ".
He added that "the Fund suffers from increasing the rate of external funds with the corresponding lack of funds received to him," stressing "the government to cancel the payment of salaries to non-eligible persons and amend mechanisms to obtain pension benefits."
He pointed out that "the funds of the Fund must invest correctly so that the Fund can increase its resources to avoid entering the crisis of bankruptcy in the future."
"Fund officials warned against the risk of bankruptcy in the event of any quick government adjustments," he said.
[You must be registered and logged in to see this link.]
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