Economic Update – Baghdad
The National Retirement Authority has officially announced the resolution of financial discrepancies concerning the pensions for injured security personnel, with plans to integrate risk allocations into their pension salaries in the near future. The Authority has also emphasized that ongoing digital transformation initiatives, along with the deployment of mobile teams, have significantly expedited transaction processing and alleviated the influx of visitors at its offices.
In remarks made by the Director of Media, Alaa Mohamed, it was noted that the Authority has made substantial progress in digitizing the retiree transaction process. This shift from paper-based to electronic systems, including the implementation of barcode technology, has streamlined operations. “This transformation has expedited the completion of nearly 5,000 pension cases in the past month alone, which has greatly diminished the need for retirees to visit the Authority’s offices in person,” he stated. The mobile teams assigned to the Authority have been instrumental in facilitating transaction completion directly within the relevant ministries, thereby reducing the burden on retirees.
Regarding the financial discrepancies affecting wounded security personnel, Mohamed pointed out that it was determined there was no legal provision for including risk allocations in their salaries. Provision for these allocations is crucial, as they are entitled to receive them concurrently with their job and retirement salaries. The pension salaries for these individuals are now being adjusted to include the severity allocations, necessitating retroactive financial disbursements.
He further highlighted that the head of the retirement body has proposed to Prime Minister Mohammed Shia Sudani to secure the financial allocations needed to process these dues. Mohamed assured that these payments would be executed in the near future.
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