Economic Update – Baghdad
The Public Retirement Authority has confirmed the completion of transactions for former army retirees as part of the fifth package of Diwaniyah orders, with additional risk allocations being implemented soon.
According to Alaa Mohamed, the director of media, significant progress was made during the recent visit by Prime Minister Mohammed Shi’a to the National Retirement Authority. This visit facilitated the resolution of multiple outstanding issues requiring government intervention, including the entitlements of Gulf War prisoners. The Prime Minister directed the expedited processing of their cases to issue retirement orders with the specified benefits, contingent upon verification of their data.
In terms of the fifth package of pension salaries for former army employees, it was noted that many were unable to complete their retirement transactions following the fall of the previous regime. The directive has been set to launch these orders at the start of 2024, and the authority is actively working on finalizing this fifth package to ensure timely disbursement of dues.
On Monday, Prime Minister Mohammed Shi’a instructed the release of the fifth pension salary package for former Iraqi army employees prior to Eid Al-Fitr, with the sixth package to follow immediately thereafter. This action aims to conclusively address the issue of pension disbursements. Additionally, there are plans to facilitate payments for the financial discrepancies involving wounded security personnel, while a committee will be formed to assess the remaining cases of 1991 war prisoners for retirement processes. A team from the retirement authority and the Martyrs Foundation will also be dispatched to Anbar to address the retirement cases of victims of terrorism within the province. This will involve thorough audits and disbursements that mirror actions taken in other governorates.
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