As was scheduled, today, the National Retirement Fund began pouring the due increases into the accounts of beneficiaries of retirement grants and pensions, within the framework of implementing the President’s decisions aimed at improving the purchasing power of the category of retirees and those with rights, and enhancing their social and living conditions.
According to CNN, this process included more than 3.5 million retirees and people with rights across various states of the country, where the increases were transferred directly to the postal and bank accounts of the beneficiaries, ensuring their arrival within the specified deadlines and with the simplest procedures.
These increases fall within the social support policy approved by the public authorities, where two increases were approved according to the value of the pension or grant. Retirees who earn 20,000 Algerian dinars or less benefited from a 10 percent increase, while those whose pensions exceed this ceiling benefited from a 5 percent increase.
These measures confirm the state’s keenness to support retired groups, as they are an essential segment that contributed to building society during their years of work, while working to improve their financial conditions in line with the current economic challenges.
The National Retirement Fund also affirmed, in its statement, its commitment to continuing to improve the quality of its services and developing mechanisms for taking care of beneficiaries, by simplifying procedures and bringing the administration closer to the citizen, in a way that enhances the effectiveness of the public service and makes it more modern and efficient.
This step comes in the context of broader efforts aimed at enhancing social protection and improving the standard of living, at a time when retirees are anticipating more supportive measures during the coming period, in a way that consolidates the principle of social solidarity and enhances the living stability of this group.
