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


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    After the World Bank’s demands to reform the retirement system in Iraq...a specialist identifies the

    Rocky
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    After the World Bank’s demands to reform the retirement system in Iraq...a specialist identifies the Empty After the World Bank’s demands to reform the retirement system in Iraq...a specialist identifies the

    Post by Rocky Tue 21 May 2024, 4:25 am

    After the World Bank’s demands to reform the retirement system in Iraq...a specialist identifies the risks of “salary cessation”
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    Baghdad today - Baghdad
    Today, Tuesday (May 21, 2024), economic expert Nabil Al-Marsoumi revealed the reason for the World Bank’s demands from the Iraqi government to reform the retirement system.
    Al-Marsoumi said in a clarification, received by “Baghdad Today”, that “according to data from the General Retirement Directorate, the total number of civilian and military retirees in Iraq in 2020 reached 2.486 million retirees.”
    He added that "the number of retirees who receive their salaries from the Retirement Fund reached 544 thousand retirees," pointing out that "the state budget bears the disbursement of the salaries of 1.942 million retirees, with a total monthly value of 1.551 trillion dinars, and the annual cost of 18.612 trillion dinars, while 6.840 trillion dinars are paid." From the retirement fund. 
    Al-Marsoumi continued, "Today's numbers have increased significantly, especially since 120,000 employees annually are referred for retirement after the retirement age was reduced to 60 years."
    He stated that “retirement referrals before 1/1/2008 are all paid from the public treasury according to the laws of transitional justice, political dismissals, and all laws legislated by the House of Representatives,” explaining, “as for those referred to retirement after 1/1/2008, their salaries are paid from a fund.” Retirement and retirement benefits are paid from the state treasury.” 
    The economic expert pointed out that "the Iraqi government relies in its financing of pensioners' salaries and all other forms of social protection programs on financial resources financed by oil revenues, which exposes it to delay or even to the risk of stopping due to the fluctuation of these revenues, especially linked to global oil prices."
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