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Financial Adviser: The pension fund system will guarantee appointments for graduates of private universities
25 March 2022
Financial Adviser: The pension fund system will guarantee appointments for graduates of private universities
25 March 2022
Ultra Iraq - Editorial Team
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said that the system of the retirement fund for teachers and workers in universities and private colleges, which the Council of Ministers voted on yesterday, will guarantee the appointment of holders of higher degrees.
Saleh told the official agency, and Ultra Iraq followed him, that "the approval of the Council of Ministers to issue this system is an advanced step towards building modern foundations for social security in the country, and it is going in the right direction," noting that "this law will help stabilize young cadres in university activity." Al-Ahly to ensure the appointment of holders of higher degrees to work in colleges, universities and private institutes.
He added that "the fund comes within the framework of an advanced strategy to strengthen social security in Iraq, especially maintaining high-level human energies with graduate degrees," proposing "extension of the fund's experience to include private health institutions and their health professionals."
Saleh added, "This step comes from an important gradual policy in building the elements of social security for market forces in Iraq, according to which pension funds are optimally managed, and they are considered investment funds whose resources can be loaned with specific ceilings to the affiliates themselves, maximizing the resources of the fund itself and supporting its financial returns in the form of: Ideal,” noting that “the rumor of such funds affects the activities and social segments of the organized market economy through a comprehensive ten-year national plan for occupations and working groups and inclusion in all pension funds for those who wish them.”
Yesterday, the Cabinet approved the issuance of the pension fund system for teachers and workers in universities, colleges and civil institutes, which was audited by the State Council, based on the provisions of the third item of Article (80) of the Constitution, and Article (45) of the Private Higher Education Law (25 of 2016). ), taking into consideration the notes of the legal department in the General Secretariat of the Council of Ministers confirmed by its memorandum numbered (MD / Sq/2/2/67 LQ) dated February 28, 2022
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