The Retirement Fund identifies 5 categories that will benefit most from a salary increase of less th

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Baghdad - INA - Hassan Al-Fawaz
Today, Saturday, the State Employees’ Retirement Fund identified the categories included in its salaries and the categories that benefit most from the increase in salaries of less than one million dinars, while clarifying its funding sources.
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The Director General of the State Employees’ Retirement Fund in the Ministry of Finance, Haider Jassim, told the Iraqi News Agency (INA), “The State Employees’ Retirement Fund is responsible for paying pension salaries to employees and military personnel who were referred to retirement after 1/1/2008, in accordance with the law, and is concerned with A wide segment of retirees.
Jassim added, "The Fund is a self-financed institution that works to collect its revenues from pension contributions and government contributions that are paid monthly to the Fund, and through the Fund's investments it works to secure the payment of pension salaries due monthly."
He pointed out that “the Retirement Fund cares for approximately more than 700,000 retirees who were referred to retirement after 1/1/2008, both military and civilian, as well as the heirs and beneficiaries of retirees who pass away,” indicating that “the Fund supports this segment of beneficiaries as they are the largest and broadest segment.” In society, which the government works to support and care for by providing pensions.”
He continued: “Through the directives of the Minister of Finance, the National Retirement Authority, including the State Employees’ Retirement Fund, is working to seek to adopt electronic systems at work, so that the pension transaction is an electronic transaction, which will reduce review by auditors, the number of reviews, and the time to complete the transaction, as well as the directives of His Excellency the Prime Minister.” Ministers, by simplifying procedures and taking care of the retirees segment.”
He stated that “the Fund contributed to supporting retired beneficiaries and original retirees whose salary is less than one million dinars, by paying 100 thousand dinars to those whose pension is less than one million dinars,” explaining that “this support contributed greatly to raising the standard of living for this segment, as most Beneficiaries of pensions are students in universities and schools, as well as women who are not married or who have not received social care, whether separated or divorced, as well as fathers, mothers, and children.
He pointed out that "the fund is concerned with more than 700,000 retirees and beneficiaries only, as retirement is divided into two parts. The first is the National Retirement Authority, which is concerned with those covered by transitional justice, martyrs and political prisoners, who number more than two million retirees. As for the State Employees Retirement Fund, it is one of the institutions of the Retirement Authority." National, and it only concerns employees and military personnel who were referred to retirement after 1/1/2008,” indicating that “the law specifies the payment mechanism for each category of these retirees.”
He pointed out that “the State Employees’ Retirement Fund, which is headquartered in Baghdad, witnesses at least (2000-3000) retirees per day, and therefore the small number of employees means that it is not possible to complete all their transactions in a day, but adopting automation and electronic digitization will lead to the completion of transactions.” Retirement pension is done remotely, and there is no contact between the auditor and the employee, while at the same time ensuring the quality and speed of service.”[/size]
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