Social Insurance: The new law ensures that the pension is automatically increased in an inflationary manner

Accidents

MP Mustafa Salem, deputy of the House of Representatives Budget and Budget Committee, asked Mohammed Saudi, head of the social insurance fund for government employees, about the latest of the new pensioners' law, which the government promised to send to parliament.

Mohammed Soudi, head of the social insurance fund for government employees, said the law had been in place for two years, and explained that any law with high-cost benefits or adjustment procedures would be carefully examined.

"There is great interest on the part of the political leadership in the law, but there are clashes between the ministries of solidarity and finance that must be dissolved, so that we can after the actuarial studies of the exit of the law and its texts to light," pointing out that a group of experts from actuarial studies Obligations amounting to 60% of pension values.

He added: "We came after consulting with the Central Auditing Organization to a number we have finished but can not disclose, and the bill I expect to send it soon to the government, which in turn will be sent to the Council, and will pass the current parliamentary year only to be in Parliament the law on pensions.

MP Mustapha Salem, the committee's deputy, inquired about the most important advantages of the law. He said that the government would pay the total wage and set up an automatic mechanism to increase pensions without waiting for the state to intervene every time to announce those increases. If the State intervenes, the State will intervene thereafter.

He added that the bill guarantees full coverage of the insured wage, explaining that the beneficiary of the law is the one who enters the system today, but those who have a few years before going out to pension will be accounted for in the past years by the old law and counting their money from the moment they enter the new law.

This came during a meeting of the Committee of Plan and Budget, which is now held in the House of Representatives to discuss the budget of the Ministry of Social Solidarity and its affiliates for the financial year 2019/2020 and budget programs and performance of the ministry for the same year.

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