Iraqi presidency voices objection to new retirement law

According to the new law, a minimum of 400,000 Iraqi dinars (roughly $340) should be earmarked for retirement packages for government employees. No maximum limit was specified.

Iraqi presidency voices objection to new retirement law

World Bulletin / News Desk

The Iraqi presidency on Tuesday referred a controversial retirement law back to parliament after rejecting two of its articles, presidential sources said.

Recently passed by Iraq's parliament, the law calls for raising retirement benefits for civil servants.

The law has been met with demonstrations, with protesters accusing lawmakers and top officials of using the legislation to secure themselves lucrative retirement packages.

According to the sources, the presidency rejected articles 37 and 38 of the law, referring them back to parliament for review.

The two articles stipulate special retirement benefits for government officials, including their pre-retirement salary amounts.

According to the new law, a minimum of 400,000 Iraqi dinars (roughly $340) should be earmarked for retirement packages for government employees. No maximum limit was specified.

The new legislation has triggered mass demonstrations in Baghdad and other Iraqi cities over the past two weeks.

Protesters demand that the new retirement appropriations be re-diverted to other government sectors to "alleviate the suffering" of Iraqi citizens.

The country's economy has continued to reel since the 2003 US-led invasion.

Pressure from the demonstrations prompted influential Shiite leader Muqtada al-Sadr and several MPs affiliated with his political bloc – who had voted in favor of the new law – to withdraw from political life.

Last Mod: 19 Şubat 2014, 09:34
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