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Complete the State Council to examine and audit the pension law and submitted it to the General Secretariat of the Council of Ministers to the point on the agenda of the Council of Ministers, with the aim of achieving a fair income for this sector in accordance with international standards.
Statement of the Ministry of Justice Minister Pradeep as saying that "the State Council has completed scrutiny of {draft social insurance} and the nature of the work of an employee in the State and working in the private, mixed and cooperative and service workers houses and secured under the law on retirement and social security and who wishes to obtain a retirement pension and disability and mortality from employers or self-employed," adding "the retirement shammari prepared a Bill called the national pension law includes a number of principles which took into account international standards and practices Best retirement systems for civilian and military staff, so the project provides sufficient income by {400,000} four hundred thousand dinars monthly minimum salary with high replacement rates compared to the previous salary {200,000} two hundred thousand dinars per month, the pension is calculated is directly proportional with the average years of service ".
"The project includes other principles as {sustainability, predictability, economic efficiency and financial investment funds, coverage, equity}, these linchpins in the project will ensure a fair formula applicable to all retirees to calculate pension and remove differences between former and new retirees and equality in all rights and privileges, in addition to entering the retirement fund inThe financial investment to sustain operations to provide pensions. "the variables contained in the pension bill would take into account the occurrence of local inflation, which will lower the purchasing power of the currency, and this situation requires a formula calculating the years of work and pensions that are halts deducted and linking in the rate of inflation in the market to add to the pension of the inflation equation." the World Bank has established a workshop attended by representatives of the Council of Ministers and the ministries of finance, defense, Interior and Ministry of planning and Central Bank And Chief of the National Agency for the retirement, who incorporated their feedback on the new retirement Bill. [You must be registered and logged in to see this link.]
