Amendment of the pension law free of salary increases provides 160 thousand jobs

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[size=52]Amendment of the pension law free of salary increases provides 160 thousand jobs[/size]

[size=45]Consensus and lack of funds seem to have frustrated the government's drive to increase retirees' salaries, while work to reduce the retirement age continues.
[size=45]The Finance Committee in the House of Representatives said the first amendment to the unified retirement law, which will be put to a vote soon, will provide more than 160 thousand jobs in the budget for 2020 after reducing the retirement age to 60 years.[/size]
[size=45]The House of Representatives has in its last reading of the draft law of the first amendment to the unified retirement law after his arrival from the government and was referred to the Parliamentary Finance Committee for its amendments after hosting experts, legal and civil society organizations. Minimum salaries for retirees will be between 500 thousand and 800 thousand in the new amendments to be sent to the House of Representatives.[/size]
[size=45]Article (21) of the unified retirement law in force specified in paragraph (a) that the minimum pension for the pensioner should be (400,000) dinars four hundred thousand dinars per month, including living allowances.[/size]
[size=45]But the government version, which was sent to parliament, was free of salary increase clauses, the first promises made by the government but not implemented.[/size]
[size=45]The member of the Finance Committee in the House of Representatives MP Mohammed Darraji (term) that "the amendments made by the parliamentary finance to the unified retirement law within the reform packages launched launched contribute to provide (160) thousand degrees of employment in the budget of 2020 ″, denying" the existence of any increase in The salaries of retirees. ”[/size]
[size=45]He explained that "the retirement fund and his retirement arrests do not bear any increase on the minimum salaries for retirees," adding that "the submission of these new amendments to the Presidency of the Council for a vote will be in the next session." The amendments (reducing the retirement age to 60 years) will double in the next two years to 300 thousand degrees of employment, which will open the door for young people to be appointed to various departments of the state.[/size]
[size=45]The speaker of the House of Representatives Mohammed Halbousi stressed in the last session of the parliament that the legislation of the first amendment to the unified retirement law will contribute to provide more than 300 thousand degrees of employment for young graduates, directed to be the second reading and discuss the law in the next session.[/size]
[size=45]After the spread of protests in many cities and provinces, the Council of Ministers assigned the Ministry of Finance and the National Pension Authority and the Secretariat of the Council of Ministers to prepare the first draft amendment to the unified retirement law.[/size]
[size=45]The National Pension Agency held long consultations and negotiations with the financial and legal committees in the House of Representatives several months ago with the aim of increasing the minimum salaries of retirees and raising it from 400 to 500 or 600 thousand.[/size]
[size=45]On the seventh of last month, the Finance Committee in the House of Representatives agreed with the Chairman of the National Retirement Authority to amend the retirement law and increase the minimum pension and pay the end-of-service benefits for retirees after the completion of special procedures with the Ministry of Finance for the purpose of a transfer worth 400 billion dinars plus 70 billion dinars Present in the Pension Fund.[/size]
[size=45]On the other hand, another member of the Finance Committee confirms that “the First Amendment to the Unified Retirement Law No. 9 of 2014 included a reduction in the retirement age from 63 to 60 years, and a reduction in the retirement age for employees wishing to retire at the age of (45) years instead of (50) years if He has a career of at least 15 years.[/size]
[size=45]Shirwan Mirza Qadir, a member of the parliamentary committee, said in a statement to Al-Mada that "the amendment of these articles in the pension law will provide job opportunities for young people in different ministries of the state." ”[/size]


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excellent news...