Finance Committee considers reserving IQD trillion to increase retirement salaries

Baghdad (IraqiNews.com) MP Majida al-Timimi, member of the Parliamentary Finance Committee announced the Committee’s intention to reserve IQD one trillion from the federal budget to be allocated for the General Commission for Retirement to increase the retirement salaries at 20%.

Timimi told IraqiNews.com “A delegation from Ahrar bloc chaired by the bloc’s head, Baha al-Araji, met with the Director of the Retirement Dept. and called him to expedite sending the amendments on the Retirement law to the Iraqi Parliament.”

“We intend to include the law in the budget of 2013,” she added, noting “The Retirement Department’s Director promised us that he will submit the amendments on next Tuesday.”

During a press conference held at the General Commission for Retirement, Araji pointed out that “Next week will witness the completion of drafting the General Retirement law which will include an increase of 20% on the retirement salaries.”