Expert: Social insurance law imposed by the International Monetary Fund
9-19-2017
On Tuesday, legal expert Ali al-Tamimi criticized the social insurance law that the government intends to introduce. He pointed out that it came as an imposition of the International Monetary Fund, which led to an increase in the rate of deduction of salaries of employees to 9%.
"The draft social insurance law is still in the corridors of the government and waiting to be sent to parliament to read and ratifyit," he said, noting that "it consists of 143 articles and came in application of Article 30 of the Iraqi Constitution, which stipulates that the government guarantees the right of social welfare for women, children, the elderly and the unemployed the work".
He added that "within the provisions of this law is the formation of a national insurance and is deducted 9% of the salaries of employees who receive a salary of more than 280 thousand instead of the 7% in force," pointing out that "the purpose of this law, according to government opinion is to reduce the differentiation between segments the society".
He added that "this law was created because of pressure from the International Monetary Fund and the increase in the proportion of the deduction of salaries of employees will harm many people with limited income and these deductions violate Article 30, which provided that the state to provide money and not resort to the cuts."
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