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Retirement issues an explanation of the end of service benefit
The Economy News - Baghdad
On Friday, the National Retirement Authority issued a clarification regarding a video clip showing a man complaining of spending 3,000 dinars on the end of his twenty-two years' end-of-service benefits.
The authority said in a statement seen by "Al-Iqtisad News", that it "spread on social networking sites a video broadcast by one of the TV channels, which shows a citizen complaining of spending the amount of three thousand dinars on the end of service reward and that his services are twenty-two years according to his claim."
She added that "this video does not pertain to the work of the commission, but the citizen is talking about a sum of money disbursed to him from the Babylon Education Directorate / Musayyib Education / affiliated to the Ministry of Education and not from retirement as the effective retirement law specified the lowest pension with allocations five hundred thousand dinars and the amount of the amount of the end of service equivalent It is spent on the rate of the last salary and benefits for those who have retirement services twenty five years or more, and that life does not spend the sums of money and dues with deeds.
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