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Economy News - Baghdad
Today, Monday, the Retirement Authority clarified regarding the recipients of loans and advances from retired employees.
And the Ministry of Finance stated in a statement, “Under the auspices of the Director General of the Administrative and Financial Department, Sadiq Huwaidi Abbas, and the follow-up of the head of the National Retirement Authority, Maher Hussein Rashid, the administrative and financial department in the ministry held an introductory workshop on the procedures of the National Retirement Authority in support of the retirees, with the participation of the deputy head of the authority.” Hossam Abdel Sattar, and the presence of representatives of the retirement departments in all the ministry's formations.
The statement added, "The workshop witnessed an introductory lecture on the new retirement procedures delivered by the Deputy Chairman of the Commission, which comes in line with the initiative of the Prime Minister in support of retirees, which includes preparing the retirement treatment 6 months before the referral to retirement, and authorizing the approval of the departments affiliated with the ministries to complete the necessary procedures."
Abdel Sattar explained, "In the event that the employee referred to retirement obtains a loan or advance, the amount of deduction will be transferred to the pension without condition," adding: "The retirement identity is handed over and the end-of-service reward is calculated and delivered on the day the employee is separated from his department."
Abdel Sattar continued, "The authority continues to audit and complete transactions for employees referred to retirement in a field manner within all state institutions without the need to review the authority through the specialized technical teams, and to create centers to complete transactions within the ministries in cooperation with their retirement departments."
Added 06/05/2023 - 5:06 PM
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