Documents ... a proposal to amend the Unified Pension Law
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Documents ... a proposal to amend the Unified Pension Law
by GirlBye Thu Oct 29, 2020 2:24 pm
Alsumaria News publishes the proposed law to amend the Unified Pension Law No. 9 of 2014 with the signatures of 62 deputies.
For his part, the deputy from the State of Law Coalition, member of the Finance Committee, Abdul Hadi Al-Saadawi, revealed that his bloc had adopted the collection of signatures of more than 60 deputies to add the proposal to amend the unified pension law, stressing that the Presidency of Parliament agreed to include the amendment proposal and referred it to the Finance Committee.
Summary of the new laws and amendments approved by Iraq’s Parliament
The amended Unified Pension Law No. 9 of 2014:
For his part, the deputy from the State of Law Coalition, member of the Finance Committee, Abdul Hadi Al-Saadawi, revealed that his bloc had adopted the collection of signatures of more than 60 deputies to add the proposal to amend the unified pension law, stressing that the Presidency of Parliament agreed to include the amendment proposal and referred it to the Finance Committee.
Summary of the new laws and amendments approved by Iraq’s Parliament
The amended Unified Pension Law No. 9 of 2014:
- Reduces the retirement age from 63 to 60 years, with exemptions for rare skills in certain sectors
- Guarantees a minimum monthly pension of 400,000 Iraqi dinars
- It is estimated that these and other changes will create more than 200,000 new vacancies in 2020
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