Home Government & Reform KRG Approves IQD 500,000 Minimum Pension for Private Sector Retirees

KRG Approves IQD 500,000 Minimum Pension for Private Sector Retirees

The KRG has approved an IQD 500,000 minimum monthly pension for retired private sector workers. Two ministries will issue instructions to implement the decision.

Soran AriUpdated 4 days Ago35

KRG Approves IQD 500,000 Minimum Pension for Private Sector Retirees

The Kurdistan Regional Government has set a minimum monthly pension of IQD 500,000 for retired private sector workers.

The KRG Council of Ministers approved the measure with the support of Prime Minister Masrour Barzani. The council backed the decision unanimously.

Ministries to Implement Minimum Monthly Pension

The Ministry of Labour and Social Affairs will work with the Ministry of Finance and Economy to implement the new pension level.

Both ministries will draft and issue the instructions needed to apply the decision. The KRG has not yet announced when the first payments under the new rate will begin.

The measure sets a pension floor for eligible private sector retirees. It aims to provide a defined level of monthly income after workers leave employment.

Further details on eligibility, registration and payment procedures are expected in the implementation instructions.

Source: Kurdistan Regional Government Official Website — Department of Media and Information.

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Soran Ari

Soran Ari is the founder and editor of Kurdish Weekly and a digital media entrepreneur. He holds a Bachelor’s degree in English Language and Literature from Queen's University and a diploma in Health, Wellness, and Fitness from Mohawk College. He covers Kurdish affairs and global news with a focus on impactful, community-driven reporting, and is also the creator of the ESL Kurd language learning app.