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Al-Sabihi: High earners oppose pension raise
The article features statements from Insurance and Social Protection Expert Musa Al-Sibaihi regarding the requests from some pensioners and high-income earners to raise the minimum retirement pension in social security. He expressed that these individuals are mainly concerned about the security of social security funds, despite the fact that their high salaries are not exposed to the same risks. He emphasized that implementing Article (89/A) of the Social Security Law, which stipulates reviewing the minimum pension every five years, will improve living standards for those with lower pensions. The estimated increase in expenditure resulting from this change is around 34 million dinars annually, benefiting approximately 96,000 retirees. Conversely, he clarified that 278 retirees currently receive an average monthly pension of about 7,000 dinars. Criticisms have been directed at the exaggerated concerns over the security of the funds, which in reality reflect personal interests.
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