Home
Privileges "almost exceed" the public sector.. What do you know about the Retirement and Social Security Law for Workers?
[You must be registered and logged in to see this image.]
2023-12-06 03:46
Share
Font
Shafaq News/ The concerned authorities confirm the importance of the Workers’ Retirement and Social Security Law No. (18) of 2023, as it expands its coverage of the various segments of society working in the private sector (organized and unorganized), in addition to its inclusion of many privileges, some of which “almost exceed” what is obtained. An employee in the public sector.
The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, announced last Sunday that the retirement and social security law for workers in the private sector had entered into force, after the Iraqi Parliament voted on it last May, in a step that the government described as essential within the economic reforms it promised. And ensuring the rights of workers in this sector.
Expanding the umbrella of inclusion
In this context, the Director of the Media Center at the Ministry of Labor and Social Affairs, Najm Al-Uqabi, says, “The new Retirement and Social Security Law has many privileges, including expanding the umbrella of coverage by the provisions of this law, by adding an optional security clause and guaranteeing workers in unorganized work, that is, even The owner of (Bastiyya) and (Taktuk) can enter the social security umbrella.”
Al-Aqabi added to Shafaq News Agency, “Among the privileges of this law is the addition of labor service to the government sector for the purposes of bonuses, promotions, and retirement, and the inclusion of a retirement equation that guarantees a retirement salary that provides psychological and material stability for those covered by the provisions of this law, and is equal to the retirement equation for employees in the public sector, and some of the privileges are almost It exceeds the benefits that a worker receives in the public sector.”
Among other privileges, it is mentioned that “the state supports workers covered by social security with 8 percent of the wages and allowances of workers in the organized sector, and 15 percent of the wages of workers in the unorganized sector, which contributes to the financial sustainability of pensions and the sustainability of the fund.”
He continues, “The law also took into account employers, not just the worker, as it allowed employers to renew subscriptions for a period of 90 days instead of 30 days, while stopping late fines with a ceiling of 200 percent instead of continuing them without stopping.”
He added, "In addition to the privilege of purchasing a service, that is, a worker who does not have a service that qualifies him to receive a retirement salary can purchase a service that does not exceed 5 years, in addition to the possibility of returning the end-of-service gratuity amounts that the worker has previously benefited from so that he is included back in the guarantee and the service is counted for retirement purposes."
He continued, "Among the law's privileges are also granting annual cost-of-living allowances and linking them to inflation, and reducing the percentage of disability pension entitlement from 35 percent to 30 percent, in addition to adding the unemployment insurance branch, that is, the department grants a salary to the worker who became unemployed due to a reason outside his work." "His will."
He added, “As well as providing health insurance for workers in retirement with reliable insurance companies in coordination with the Ministry of Health to provide health services for all insured workers,” stressing that “the law is also fair to working women in terms of pregnancy and maternity leave, which is paid with a full salary, and the work will be electronic automation for all aspects of the department’s work.” And within a period not exceeding one year from the date of entry into force of the law.”
Other details about the law
For his part, a member of the Parliamentary Labor and Social Affairs Committee, Amir Al-Mamouri, points out that “the Security Law provides job grades for many workers in the private sector, and it contains many privileges that will support the private sector and its employees and workers, including the transfer of service between the private and public sectors.” For the purpose of bonuses, promotions and retirement, the retirement age starts from 50 years and upwards.”
Al-Maamouri continues his speech to Shafaq News Agency, “The law guarantees the worker, when he is injured by 30 percent or more, a partial retirement salary, and if his injury is total, he is given a full retirement salary, and this retirement salary (partial or total) is inherited to the heirs.”
He adds, “For example, if someone had 15 years of service in the private sector, and stopped working due to not finding another job opportunity and then died, his family would not have obtained rights previously, but in this law, since he has completed 15 years, the His family has a pension, and whoever guarantees himself under this law, his family will have a pension if he dies, regardless of age and service, even if his service was only two months.”
He explained, “This includes the private, joint, and mixed sectors, as long as the worker is guaranteed in the retirement and social security funds. However, in the past, only those who work in the organized sector were included, meaning those who are under the umbrella of a company, factory, or factory, but in this law all Whoever works in the private sector, whether organized or unorganized, and “unorganized” means all owners of crafts and professions, members of unions, and others. It includes all subscribers to this fund.”
He stated, “The retirement salary is a condition that it is not less than the average wage, which is 350 thousand dinars at the present time, but in the future there is a tendency to increase workers’ salaries and the average wage to be from 400 to 450 thousand dinars, and thus the retirement salary will not be less than 400 to 450 thousand dinars.” Dinar".
He continued, “For everyone who has previously departed from the Workers’ Security Retirement Law, the retirement salary is not less than 500 thousand dinars, and whoever has an injustice can submit a request to the Board of Directors for redress, and the retirement salary will be calculated for him over the last 5 years, at the rate of 80 percent, that is, whoever has Full service and his pension, for example, is one million dinars. He will leave with a pension of 800 thousand dinars.”
Fears of routine
In turn, the legal expert, Ali Al-Tamimi, says, “Law No. 18 of 2023, the subject of discussion, consists of 109 articles, and it is one of the important laws, as it clarified the shape of the economic system in Iraq after it was gelatinous, and the reasons for the legislation talked about an expansion in the inclusion of segments.” Which was not in the previous law.
Al-Tamimi added to Shafaq News Agency, “But there is a need to dissolve the routine that may arise when applying the law in the departments of the Ministry of Labor and Social Affairs, because this law established a body with branches in the governorates and a fund, and this fund is financed by subscriptions and investments.”
He continued, "Every person from the different segments of society covered by the law will have a file and a file in Baghdad or the governorates as a means of monitoring him and paying the pension contributions at a rate of 2.5 percent of what he receives, and after that he will have the pension salary."
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-12-06 03:46
Share
Font
Shafaq News/ The concerned authorities confirm the importance of the Workers’ Retirement and Social Security Law No. (18) of 2023, as it expands its coverage of the various segments of society working in the private sector (organized and unorganized), in addition to its inclusion of many privileges, some of which “almost exceed” what is obtained. An employee in the public sector.
The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, announced last Sunday that the retirement and social security law for workers in the private sector had entered into force, after the Iraqi Parliament voted on it last May, in a step that the government described as essential within the economic reforms it promised. And ensuring the rights of workers in this sector.
Expanding the umbrella of inclusion
In this context, the Director of the Media Center at the Ministry of Labor and Social Affairs, Najm Al-Uqabi, says, “The new Retirement and Social Security Law has many privileges, including expanding the umbrella of coverage by the provisions of this law, by adding an optional security clause and guaranteeing workers in unorganized work, that is, even The owner of (Bastiyya) and (Taktuk) can enter the social security umbrella.”
Al-Aqabi added to Shafaq News Agency, “Among the privileges of this law is the addition of labor service to the government sector for the purposes of bonuses, promotions, and retirement, and the inclusion of a retirement equation that guarantees a retirement salary that provides psychological and material stability for those covered by the provisions of this law, and is equal to the retirement equation for employees in the public sector, and some of the privileges are almost It exceeds the benefits that a worker receives in the public sector.”
Among other privileges, it is mentioned that “the state supports workers covered by social security with 8 percent of the wages and allowances of workers in the organized sector, and 15 percent of the wages of workers in the unorganized sector, which contributes to the financial sustainability of pensions and the sustainability of the fund.”
He continues, “The law also took into account employers, not just the worker, as it allowed employers to renew subscriptions for a period of 90 days instead of 30 days, while stopping late fines with a ceiling of 200 percent instead of continuing them without stopping.”
He added, "In addition to the privilege of purchasing a service, that is, a worker who does not have a service that qualifies him to receive a retirement salary can purchase a service that does not exceed 5 years, in addition to the possibility of returning the end-of-service gratuity amounts that the worker has previously benefited from so that he is included back in the guarantee and the service is counted for retirement purposes."
He continued, "Among the law's privileges are also granting annual cost-of-living allowances and linking them to inflation, and reducing the percentage of disability pension entitlement from 35 percent to 30 percent, in addition to adding the unemployment insurance branch, that is, the department grants a salary to the worker who became unemployed due to a reason outside his work." "His will."
He added, “As well as providing health insurance for workers in retirement with reliable insurance companies in coordination with the Ministry of Health to provide health services for all insured workers,” stressing that “the law is also fair to working women in terms of pregnancy and maternity leave, which is paid with a full salary, and the work will be electronic automation for all aspects of the department’s work.” And within a period not exceeding one year from the date of entry into force of the law.”
Other details about the law
For his part, a member of the Parliamentary Labor and Social Affairs Committee, Amir Al-Mamouri, points out that “the Security Law provides job grades for many workers in the private sector, and it contains many privileges that will support the private sector and its employees and workers, including the transfer of service between the private and public sectors.” For the purpose of bonuses, promotions and retirement, the retirement age starts from 50 years and upwards.”
Al-Maamouri continues his speech to Shafaq News Agency, “The law guarantees the worker, when he is injured by 30 percent or more, a partial retirement salary, and if his injury is total, he is given a full retirement salary, and this retirement salary (partial or total) is inherited to the heirs.”
He adds, “For example, if someone had 15 years of service in the private sector, and stopped working due to not finding another job opportunity and then died, his family would not have obtained rights previously, but in this law, since he has completed 15 years, the His family has a pension, and whoever guarantees himself under this law, his family will have a pension if he dies, regardless of age and service, even if his service was only two months.”
He explained, “This includes the private, joint, and mixed sectors, as long as the worker is guaranteed in the retirement and social security funds. However, in the past, only those who work in the organized sector were included, meaning those who are under the umbrella of a company, factory, or factory, but in this law all Whoever works in the private sector, whether organized or unorganized, and “unorganized” means all owners of crafts and professions, members of unions, and others. It includes all subscribers to this fund.”
He stated, “The retirement salary is a condition that it is not less than the average wage, which is 350 thousand dinars at the present time, but in the future there is a tendency to increase workers’ salaries and the average wage to be from 400 to 450 thousand dinars, and thus the retirement salary will not be less than 400 to 450 thousand dinars.” Dinar".
He continued, “For everyone who has previously departed from the Workers’ Security Retirement Law, the retirement salary is not less than 500 thousand dinars, and whoever has an injustice can submit a request to the Board of Directors for redress, and the retirement salary will be calculated for him over the last 5 years, at the rate of 80 percent, that is, whoever has Full service and his pension, for example, is one million dinars. He will leave with a pension of 800 thousand dinars.”
Fears of routine
In turn, the legal expert, Ali Al-Tamimi, says, “Law No. 18 of 2023, the subject of discussion, consists of 109 articles, and it is one of the important laws, as it clarified the shape of the economic system in Iraq after it was gelatinous, and the reasons for the legislation talked about an expansion in the inclusion of segments.” Which was not in the previous law.
Al-Tamimi added to Shafaq News Agency, “But there is a need to dissolve the routine that may arise when applying the law in the departments of the Ministry of Labor and Social Affairs, because this law established a body with branches in the governorates and a fund, and this fund is financed by subscriptions and investments.”
He continued, "Every person from the different segments of society covered by the law will have a file and a file in Baghdad or the governorates as a means of monitoring him and paying the pension contributions at a rate of 2.5 percent of what he receives, and after that he will have the pension salary."
[You must be registered and logged in to see this link.]
» Head of Parliamentary Finance: We are keen to approve a realistic amendment to the budget that ends
» Mr. Al-Hakim calls for making Iraq a regional headquarters for international organizations
» Mr. Al-Hakim: Kirkuk is our miniature Iraq and success in it is success for Iraq
» Ports: Al-Faw-Umm Qasr Road will be completed ahead of schedule
» Parliamentary Finance: Budget amendment includes only one paragraph related to the region’s oil
» 94% increase in foreign remittance sales in Iraqi currency auction
» $10 Billion Cash Flows into Bitcoin Funds Since Trump Win
» Financial Supervision Bureau: The percentage of localizing salaries of regional employees exceeded 8
» Formation of a government committee to close down violating industrial activities
» Iraq rises to third place in the Arab world in gold reserves after Lebanon leaves the list
» Laboratories for the unemployed
» Closing of {private} institutes in Babylon
» Labor is studying the establishment of factories and production lines to employ the unemployed
» Iraq is moving towards developing the private sector
» Moves to improve the investment environment and implement import policy
» Ministry of Planning to {Al Sabah}: The government has processed 1,104 projects
» The Central Organization for Standardization and Quality Control grants the Iraqi Quality Mark to th
» Financial Supervision Bureau: The percentage of localizing salaries of Kurdistan Region employees ex
» Washington reassures Baghdad: Syrian factions will not attack you
» Trump appoints his lawyer Alina Habba of "Iraqi origin" as an advisor to the president
» Integrity Commission discloses its activities in the field of disclosure of assets and money inflati
» Advantages of the modern electronic ration card
» Prime Minister attends meeting of presidencies and state administration coalition to discuss develop
» Al-Sudani launches Baghdad Forests Project
» Ministry of Planning: The government has processed 1,104 projects
» Presidencies and State Administration Meeting: The Importance of Respecting the Choices of the Syria
» Al-Sadr after the fall of Assad: We look forward to balanced relations between Iraq and Syria
» US National Security Advisor: We are working to strengthen Iraq so that the conflict does not spread
» Integrity Commission discloses its activities in the field of disclosure of assets and money inflati
» British newspaper: Iraq's development path will compete with the Suez Canal
» Al-Sudani's wise policies save Iraq from a regional storm
» Amending Article 12 whets the appetite for amendments.. The tripartite budget has become “binary”
» Find out the exchange rates of the dollar against the dinar in Iraq
» Kurdistan Integrity Commission reveals statistics on corruption cases in the region during 2024
» Parliamentary Committee Criticizes Dollar Selling Platform: It Has Many Problems and Suspicions of C
» Trump appoints new adviser of Iraqi origin
» utube 12/5/24 MM&C Iraq Dinar News-Executive & Legislative Authority Integration-Full Support-
» Where did the amendment of the budget items related to oil exports in the Kurdistan Region stand?
» Article 12 of the budget ignites controversy under the dome of Parliament
» The number of representatives does not exceed 70 representatives
» Central Bank Sells Over $300 Million in Auction Today
» Financial Supervision calls for building strong and effective partnerships between the private secto
» Iranian gas and bitter cold exacerbate Iraq's electricity crisis
» Al-Nusairi calls on the media to be patriotic, transparent and supportive of the national economy
» The extent of Iraq's influence on unstable political events and disturbances with our neighbors, Ara
» Despite the rise in domestic borrowing, a government advisor says the financial situation is stable
» Al-Sudani confirms his support for the joint operation project for hospitals and addressing its obst
» The President of the Republic stresses the importance of addressing the phenomenon of gas emissions
» Today.. Parliament votes on 5 laws
» (Riyada) breaks the shackles of unemployment and opens the doors of the future for young people
» Al-Sudani launches Baghdad Forests Project
» Activating 16 oil wells in Kirkuk
» Abstention of students and teachers from the outskirts
» Agriculture: Signing a contract with FAO to use advanced technologies
» Baghdad Municipality: 33 companies compete to expand the capital’s sewers
» Next year.. Implementation of BRT and public transport projects
» Iraq's turn has come.. Iraqi leader from Tehran: Americans must be expelled from Baghdad and the war
» Who is responsible for the delay? Source: Kurdistan’s non-oil revenues cover the salary deficit
» Gas supply halt deprives Iraq of production from largest power plant in Diyala
» Al-Asadi: The Workers’ Social Security Law has stimulated the labor market and pushed young people t
» Despite regional tensions, car companies establish a foothold in Iraq via Erbil
» Syrian Crisis: Iraq’s “Cautious” Position and Participation Dependent on Developments
» Security Media: Implementation of a controlled destruction operation of war remnants west of Baghdad
» Trade excludes the impact of the Syrian crisis on the Iraqi economy and food security
» Electricity: Smart transformation does not impose an increase in tariff prices
» Migration: We are ready for any displacement from Syria to Iraq
» House of Representatives holds session to vote on important draft laws
» "Controversial" laws return again.. House of Representatives holds "important" session today
» With the participation of Iraq.. The 26th Ministerial Meeting of the Gas Exporting Countries Forum b
» Donating employees’ salaries... “mandatory” volunteering and a “suspicious” formula
» Dollar exchange rates in Iraqi governorates today
» Where did the amendment of the budget items related to oil exports in the Kurdistan Region stand?
» Transferring its employees to Lebanon.. Iraq evacuates its embassy in Syria
» Launching a new batch of housing loans at the beginning of 2025
» After the completion of the five berths, Al-Faw Port prepares to receive the first commercial ship
» Mazhar Mohammed Saleh: Iraq's economy, financial flows and trade relations will not be affected by e
» A new crisis is on the line.. Al-Sudani throws the ball of the ministerial reshuffle into the court
» Politician: Halbousi's visit to Washington is suspicious and mysterious
» US official: Washington informed Iraq not to get involved in the conflict in Syria
» After the Tripartite .. Iraq plans to host an international meeting to discuss the repercussions of
» Central Bank sells more than $1 billion in 5 days
» Iraq participates in a ministerial meeting of the Gas Exporting Countries Forum (GECF)
» “Delayed accountability” makes efforts to combat corruption falter
» Economist: The parallel market sells the dollar at a price not controlled by the government
» 12 railway lines returned to service in Iraq
» MP: Political consensus hindered ministerial reshuffle, field reform is the most appropriate solutio
» Parliamentary Security: Türkiye's camps inside Iraq reveal its occupation intentions
» Al-Khanjar leads internal political movement to prevent Iraq from supporting the Assad regime
» According to Mercer, the Iraqi capital is the second worst Arab city for expatriates
» Samarra Pharmaceutical Company's contracts with the Ministry of Health to increase in 2024
» Bitcoin retreats as traders hedge against possible correction
» Is Iraq affected economically by the current events in Syria? Al-Sudani’s advisor explains
» Baghdad.. Exchange rates record 152 thousand dinars per hundred dollars
» Rafidain Bank Restructuring Program.. Justifications and Requirements
» MP accuses region of "evading" paying salaries to employees
» Parliamentary confirmation: There are no intentions to send official forces to Syria
» The beginning of resolving many issues.. MP: The general amnesty will proceed "consensually"
» Al-Sudani's advisor: Iraq's economy will not be affected by current events in Syria