Parliament to discuss pension increase bill tomorrow with an increase of 28.5 billion

Policy

The labor force committee of the House of Representatives will discuss on Tuesday the draft law submitted by the government on the increase of pensions by 15% with a minimum of 150 pounds for the increase.

"The increase approved by the government on the increase of pensions is unprecedented and benefiting 10 million citizens of pensioners," said Jibali al-Maraghi, chairman of the Labor Party Committee of the House of Representatives, for the "seventh day." The cost of this increase is about 28.5 billion pounds, Effective July 1.

Al-Maraghi added that for the first time, the minimum pension is 900 pounds, which is in the interest of the low pensioners under difficult economic conditions and rising prices. He hopes to increase the minimum pensions, as well as the minimum wage, Annuities.

He pointed out that the committee will approve the draft law to increase pensions, and will prepare a report on it to be presented to the plenary session, expected to present the draft to the Council, the plenary session for discussion and vote on Tuesday.

According to the draft law to increase pensions, the increase of pensions due according to social insurance laws until 30 June 2019, 15% of the value on this date, starting July 1, minimum of 150 pounds per month, and the bill includes a minimum pension by 900 pounds per month inclusive of all increases and subsidies, provided that the State Treasury bears the financial burden of implementing this, and the increase due to the pensioner is related to the minimum, or supplementing the total of his pension and subsidies and increases to 900 pounds, whichever is greater.

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