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Parliament directs the study of the law of increase of pensions
On: Sun 08/01/2012 6:52
□ Baghdad / economic-term follow-up
confirmed a member of the House of Representatives Abdul-Hussein Abtan that Osama Najafi, President of the Council instructed the Finance Committee to study the bill consolidation salaries of all retirees, and increasing, particularly those who do not receive more than 250 thousand dinars a month.
Said Abtan for "Twilight News" that the Economic Commission submitted a project to standardize the salaries of all retirees, as well as to increase the salaries minimum of no more than 250 thousand dinars, "adding Abtan that most MPs supported the enactment of this Act because of inflation happening in Iraq recently and the inability of retired meet their pension.
and that the draft law will be in two phases, the first unification of salaries among the retired before 2003 and who have been referred to retire after this date, and the second phase include raising salaries lower for retirees.
and that the financial allocations to increase the salaries of retirees can be secured through transfers from some allocations is necessary in the budget in 2012.
and announced the Directorate of public retirement earlier in formation of a committee to draft a new law unified pensions, including public and private sectors, while the expected completion of the law during the next year confirmed that the minimum pension does not meet the requirements of living in the time the present. The Department is seeking public pension to achieve an expected increase in the salaries of retired next year, as revealed intercept the World Bank to increase the salaries of staff.
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