Tuesday, February 11, 2025

Iraq, KRI agree to implement Unified Pension Law No. 9, 11 FEB

 Iraq, KRI agree to implement Unified Pension Law No. 9

Shafaq News/ Iraq and the Kurdistan Region have reached an agreement to implement the Unified Pension Law No. (9) for 2014 concerning employee entitlements, the Kurdish Ministry of Finance and Economy announced on Monday. 

“The federal and Kurdistan Regional governments reached an agreement in a meeting held on Monday in Baghdad, outlining the mechanisms for implementing the law that regulates employee salary payments in Iraq, ensuring the rights of employees in the Region,” the ministry stated. 

The Kurdistan Regional Government began enforcing the law in July 2024, applying it similarly to the federal government, “reflecting the cooperation between the two sides in resolving this vital issue,” according to the ministry.

“This deal marks an important step toward improving employee conditions and ensuring stability in salary payments,” it added. “It is a positive move toward resolving one of the most prominent unresolved issues between both sides, paving the way for further cooperation and understanding on other economic and financial matters, thus contributing to financial and social stability in Iraq.”

https://shafaq.com/en/Kurdistan/Iraq-KRI-agree-to-implement-Unified-Pension-Law-No-9

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