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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


    Specter of running out of the pension fund encourages deputies to buy the career service

    Rocky
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    • Post n°1

    Specter of running out of the pension fund encourages deputies to buy the career service Empty Specter of running out of the pension fund encourages deputies to buy the career service

    Post by Rocky Thu 24 Nov 2016, 2:53 am

    [size=37]Specter of running out of the pension fund encourages deputies to buy the career service[/size]


    BAGHDAD Journal News 
    revealed the Prime Minister for Financial Affairs Adviser, that the International Monetary Fund, warned of the possibility of running out of the pension fund after four years, and acknowledged that the pension fund has been eroding, having assets of 10 trillion dinars dropped to about 8 trillion dinars, noting that the number of retirees rises towards 50 000 retired each year, and 10,000 of them are referred only to retire as normal after completing their service.
    While the Finance Committee announced in the House of episodes, its proposal to reduce the retirement age from 50 to 45 years by buying the remaining duration of the service by the employee.
    The Commission on Economy and Investment, said the proposal to reduce the retirement age for employees for the purchase of service, is still under discussion custody of the relevant committees that did not vote him after.
    The Prime Minister said the financial adviser appearance of Mohammed Saleh, in an interview (Journal News) "The proposed purchase of pension service, it was not within the project of the second amendment to the Uniform Code of retirement, sent by the Cabinet to the Parliament Act", commenting that "the proposal is good if what has succeeded in reducing the number of staff that reduces expenses that weigh the financial budget, as it is to meet the expectations of some who would like to retire, but did not reach retirement age, who shall pay the pensions of arrests for the unexpired term and become a pensioner. "
    Saleh added that "the amounts updated if the verification proposal will support the pension fund, which has been eroding, having assets of 10 trillion dinars dropped to about 8 trillion dinars, so much so that the International Monetary Fund, warned of the possibility of running out of the pension fund after four years."
    And the financial advisor to the prime minister, that "the arrests pension estimated Petrleoni dinars a year, but the number of retirees rises towards 50 000 retired each year, 10,000 of them just referred to retire as normal after completing their service, while about 40,000 retired each year are the martyrs, the wounded and prisoners politicians and other circumstances that surround our country. "
    The Cabinet approved, in the (April 19, 2016), on the second draft amendment to the law Unified Pension No. (9) for the year 2014, and referred to the House of Representatives.
    In turn, said Deputy Chairman of the Committee Albjara Noor, in a press statement, said that "the parliamentary Finance Committee has prepared a proposal to reduce the retirement age to 50-45 years, by purchasing the remaining period of service of the employee."
    She explained that "the proposal is still in the framework of the proposed law to the public pension adjustments, but has not been voted on in the committees concerned yet."
    "The reduction of the retirement age, and the purchase of the remaining duration of the employee's service is still a proposal under discussion to reach an acceptable formula are unanimous committees drafted as an amendment before a new law uniform retirement."
    He pointed out that "the amendment, passed by parliament in 2015 on the unified pension law which gives the employee whose service ended 15 years of retirement right, did not apply."
    She said "female employees who have service 15 years, be Ihln to retire with after delivery, three children," indicating that he "has re this paragraph, because the remaining employee from the roof of his service in two or three years the job, he can buy the remainder of the stops for those years to be referred to retire. "
    For its part, said a member of the parliamentary finance committee pros Hamadoun, in a press statement, that "for the law of the common retirement it has not yet been voted on, but there is a study by the Finance Committee with the General Authority for retirement consisted submit several proposals," indicating that "from this proposals to reduce the retirement years of 50 to 45 years with the purchase of the remaining period by the employee, as well as employees who have 12 years service as possible buy the remainder of their service or pay for 25% of pensions for three years. "
    She said Hamadoun, that "these proposals have not been voted on in the Finance Committee so far, because we have other meetings," pointing out that "after the vote on the budget we will take a decision within the Commission on these proposals and then presented to the House of Representatives for approval," .anthy
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