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Split Retiree Raise Costs
Social security and social protection expert Musa Al-Subaihi proposed a monthly increase of 30 dinars for Social Security retirees, jointly funded by the government and the Social Security Corporation to ensure that all groups are covered. The cost is estimated at around 110 million dinars a year, to be split equally between the two parties. The government would fund the increase for former public-sector retirees, while the Corporation would cover private-sector retirees and other groups. Al-Subaihi said the proposal would distribute the burden fairly and could boost spending and local markets, while stressing that the legislation in force would remain the basis for regulating rights and obligations.
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