Algeria- National Fund for Retirement recorded, recently, a rise in the number of beneficiaries of relative retirement without age condition, compared to previous years, where about 800 thousand employees from various sectors were referred to voluntary retirement upon their . This represents about 50 percent of the total number of pensioners; most of them are in their fifties.
National Fund for Retirement recorded over the past two years, an unprecedented rise of retirement files. An official source said that the reason people are rushing is the decision the first minister, Abdul ALsalal, made to refer those who reached their sixty to mandatory retirement, and most public administrations quickly obliged its employees to adhere to this code that was translated immediately in force.
Immediately after the decision, the Fund has counted about 15 thousand retirement file, which ranged between normal retirement, and retirement without age requirement, parallel with the exit of about 138 thousand users from various sectors of the public service to retire, and they benefit from regular monthly payments.
The governments decision to rationalize the public sector expenditures and the application of austerity strict policy in all areas, and then declared openly and officially to review the pension system, to abolish the relative retirement definitively without specifying deadlines, caused a “storm in the retirement fund, which received, according to an official source, thousands of applications to take advantage of this system, mostly from women.
Figures indicate that most of the employees who have benefited from the relative retirement, are men, and aged between 55 and 60. The total numbers of these are about 800 thousand who actually benefited from this system, and they are currently receiving a monthly pension.
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