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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Work answers.. When will the Social Security Law enter into force?

    Rocky
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    Work answers.. When will the Social Security Law enter into force? Empty Work answers.. When will the Social Security Law enter into force?

    Post by Rocky Thu 18 May 2023, 6:43 am

    Work answers.. When will the Social Security Law enter into force?

    [ltr]2023.05.18 - 14:32[/ltr]


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    Baghdad - Nas  
    On Thursday, the Ministry of Labor and Social Affairs set the date for the entry into force of the Social Security and Retirement Law for Workers.  
      
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    The Ministry's spokesman, Najm Al-Aqabi, said in a statement to the official agency, followed by "NAS" (May 18, 2023), that "the Social Security and Retirement Law for Workers will enter into force 90 days after its issuance in the Official Gazette."  
      
    He added, "The law will positively affect the private sector, as the employer can also fall under the umbrella of social security," noting that "the previous law included only workers and not the employer, as well as the voluntary security will also reflect positively on the private sector."  
      
    He explained, "The retirement salary is calculated according to a set formula, provided that it is not less than the minimum wage, and it is paid by the Social Security Fund," noting that "it is not possible to combine the social protection grant with the retirement salary, since the grant is intended for people with no income."  
      
    He stressed that "all workers in the private, mixed and cooperative sectors are granted a pension if they are within the umbrella of social security."  
      
    Earlier, the House of Representatives voted on the Social Security and Retirement Law for Workers.  
      
    The media office of the First Deputy Speaker of the House of Representatives stated in a statement, of which "NAS" received a copy, (May 17, 2023), that Mandolay, during a press conference he held after the completion of the voting session on the law, in the presence of the heads and members of the relevant parliamentary committees, and the Minister of Labor and Social Affairs Ahmed Al-Asadi He stressed that "the law will represent the main element to protect and guarantee the rights of workers, and revitalize the private sector, which employs more than 5 million workers. In addition to including a retirement formula that provides psychological and material stability, ensuring their equality with government retirees.  
      
    Meanwhile, the Prime Minister, Muhammad Shia'a al-Sudani, confirmed that the law represents an important step in economic reform.  
      
    Deputy Speaker of the House of Representatives, Mohsen al-Mandalawi, described the law as "one of the most prominent laws, which will constitute an important turning point and a giant step towards strengthening the economic wheel, protecting the segment of workers in the private sector, and guaranteeing their rights similar to their peers working in the public sector."  
      
    He added, "The law also allowed the possibility of purchasing a service for workers who do not have a period of service that qualifies them for retirement, with the possibility of any Iraqi ensuring himself with voluntary retirement, and it also guarantees that the pension for partial disability will be transferred to the successor (heirs) upon the death of the retiree, in addition to granting cost-of-living allowances." annually, and linking it to inflation and increasing the pension salaries of insured workers by a decision of the Council of Ministers.  
      
    Al-Mandalawi affirmed: "Women working in the private sector will have a greater share in the new law, as wide privileges are granted to them, including pregnancy and childbirth leave, and they enjoy a full salary, in addition to a number of advantages included in the provisions of this important law."  
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