Al-Subihi: Retirement Bill at 185M Dinars
Insurance and social protection expert, Musa Al-Sibaihi, reported that the social security retirees’ payroll for October amounted to approximately 185 million dinars, which has been transferred to their bank accounts, thereby helping to stimulate the market and the economy. He explained that the challenges go beyond the regular disbursement of salaries and include issues of equitable distribution and ensuring sufficient social protection. About 9% of retirees receive only up to 200 dinars per month, while around 9% earn salaries of approximately one thousand dinars or more. He called for the establishment of mechanisms to support retirees with limited income and for the implementation of Article 89/A to raise the minimum pension every five years, to ensure the dignity of retirees and the sustainability of the financial and social system.
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