A shocking statistic about workers in Iraq[/rtl]
[rtl]Date of release: 2018/5/1 11:14 • 295 times read[/rtl]
(Baghdad: Al Furat News) A government statistic revealed a shocking number of workers in Iraq registered in social security.
"The number of workers in the private sector now stands at over 6 million, about 200,000 of whom are registered under the Social Security Law," the economic adviser to the prime minister said in a press statement.
He added that "the Iraqi government approved a new bill on behalf of social insurance in the private sector, in accordance with the new direction of the social market economy."
He explained that the new legislation - which is expected to be approved by parliament - "gives the workers in the private sector the right to social security (pensions)."
"The pensions of private sector workers will depend on the percentage of monthly contributions for the same worker, but in any case salaries will not be below the poverty line minimum of $ 2.5 a day," Saleh said.
On the future plans and strategies to support the private sector, the economist explained that "the private sector strategy 2018-2022, aimed at raising the volume of investment in the private sector from 34 percent now to 40 percent, with government investment 60 percent."
On August 1, 2017, the Cabinet voted on the social insurance bill. "This law guarantees all workers in the private sector a corresponding pension salary for state employees, in addition to guaranteeing the rights of the families of the martyrs to provide a suitable source of their livelihood."
The bill needs to be approved by Parliament to be implemented
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