New Iraqi labor law will take effect in May: lawmaker

[currenzcraze]

New Iraqi labor law will take effect in May: lawmaker

IraqBreakingIraqiNew

2024-04-21 07:42

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Shafaq News/ Iraq's new labor and retirement law will take in effect in May, a lawmaker revealed on Sunday, saying it also benefits private sector workers and freelancers.

"Effective May 1st, 2024, the law will provide social security coverage and retirement benefits to employees in companies, factories, and even freelancers who choose to opt-in," said Lawmaker Amir al-Maamouri, a member of the parliament's labor committee.

"The government will contribute to the retirement fund alongside employee deductions, offering benefits potentially exceeding those available in the public sector," he said. "This expansion of social safety nets aims to improve working conditions and provide financial security for a broader segment of the Iraqi workforce."

On December 3, 2023, Iraqi Prime Minister Mohammed Shia al-Sudani announced that the Labor and Social Security Law for workers in the private sector will be put into action after the parliament votes on it in May, in a step described by the government as essential within the economic reforms it has promised and to ensure the rights of workers in this sector.

[8th ID]

2 minutes ago, currenzcraze said:

Effective May 1st, 2024, the law will provide social security coverage and retirement benefits to employees in companies, factories, and even freelancers who choose to opt-in

May 1st. Just one more thing that screams that a new rate is coming. “SOON” !!

[currenzcraze]

I think we are all ready to be done with this roller coaster.  We are tired of “soon” and “in the future”, many of us want it now.

[screwball]

1 hour ago, 8th ID said:

May 1st. Just one more thing that screams that a new rate is coming. “SOON” !!

i always remember this being funded in old supplementary budget and according to articles would be based on new rate...so this a great sign! agree 100%

[screwball]

rate change before may 1st?

[8th ID]

11 minutes ago, screwball said:

rate change before may 1st?

That is the way I read it as well. Even this quote from December,

 

“On December 3, 2023, Iraqi Prime Minister Mohammed Shia al-Sudani announced that the Labor and Social Security Law for workers in the private sector will be put into action after the parliament votes on it in May, in a step described by the government as essential within the economic reforms it has promised and to ensure the rights of workers in this sector.”

 

Sudani said they would be voting on it in May back in December. If my memory serves me right, they have already voted on this. It is a lawmaker on the labor committee that is saying it will be effective May 1st. So that gives me my only hesitation on it. I do like the news though. 

[Laid Back]

4 hours ago, screwball said:

rate change before may 1st?

If that’s the case. I like Sunday April 28.

 

Go Stronger Dinar.!

[screwball]

5 minutes ago, Laid Back said:

If that’s the case. I like Sunday April 28.

 

Go Stronger Dinar.!

so do I great birthday present.....

[keylime]

5 hours ago, screwball said:

so do I great birthday present.....

Great any day present! Happy Birthday!

[steveh12]

Missed my birthday on the 9th

[BETTYBOOP]

We will see it when they stop the auctions

[Half Crazy Runner]

7 hours ago, screwball said:

so do I great birthday present.....

Wishing you the best birthday ever @screwball!! April 28th was my mother’s birthday ❤️

[rvmydinar]

What does " Internationally Labor Day on May 01 , 2024 " have something to do with " a rate change / a new rate "?? 

[psdon]

Every day is a birthday when you wake up. to a new day

[horsesoldier]

12 minutes ago, psdon said:

Every day is a birthday when you wake up. to a new day

Too right, every day above ground and healthy is a great day