Economist: The state spends 24 trillion annually on retirees and the future at risk
18:07 - 05/06/2019
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Information / Baghdad ..
The economic expert Basil al-Obeidi, Wednesday, the seriousness of the future in light of increasing expenditures on the operational budget, especially the salaries of retirees without the existence of effective plans little, pointing out that the state spends 24 trillion dinars as salaries for retirees and the number and the amount is increasing.
Al-Obaidi said in a statement to Al-Maaloumah that "pensions constitute 20% of the operating budget. Law No. 9 of 2014 allows every employee with 15 years of employment and 50 years of age to submit his papers to the competent authorities for the purpose of retirement. Of the people are still working age and they are retired, "noting that" human resources in foreign countries suffer from a major problem, and in [You must be registered and logged in to see this link.]
is to drain these resources through the law of retirement, and there is a trend to reduce the retirement age from 50 to 45 years.
He explained that "the employee pays to the Pension Fund 10% of his salary, while the State bears 15%, and when the retirement of the employee, the size of the Fund's revenues are few, prompting the State to strengthen these revenues again, where the state spends 24 trillion dinars on retirees and in May available For the state of 2 trillion, because it handed over this slice only a month salary. "
"The salaries of retirees in [You must be registered and logged in to see this link.]
equal to the budget of Jordan, and the amounts are increasing continuously, because the retirement in [You must be registered and logged in to see this link.]
divided into a pension is not inherited and ends with the death of retired and another inheritor is a permanent retirement for the retired people after his death, and therefore the coming years will see the inability of oil revenues to provide The salaries of retirees, especially since 80% of those revenues go to the operational budget as salaries for employees and retirees. Ending / 25 n