With Safety at its Core, OMODA C5 forges a Shield of Quality    Hans Zimmer to reimagine Saudi national anthem and collaborate on future projects    Maximum fine of SR900 for using mobile phone while driving    Al-Jadaan at WEF: Saudi Arabia achieves $200 in investment returns for every dollar it spends    Saudi House pavilion at WEF showcases Kingdom's key achievements and promising investment opportunities    Convicted US Capitol rioter turns down Trump pardon    "Theeb Rent a Car" receives two awards for Best New Sustainability Practices and Most Distinguished Company in Social Responsibility from The Global Economics    US tech giants announce AI plan worth up to $500bn    Israel's military chief resigns over 7 October 2023 failures    Dangerous drug-resistant bacteria are spreading in Ukraine    France issues health warning as tons 'aphrodisiac honey' seized    Tariffs on imports only way to get fairness, says Trump    24 Democratic states and cities sue over Trump's bid to end birthright citizenship    Al Nassr secures hard-fought 3-1 victory over Al Khaleej in Saudi Pro League    Al Hilal signs young Brazilian talent Kaio César from Vitória Guimarães    Roberto Firmino's volley secures Al Ahli's 2-1 win over Al Ettifaq    Saudi Arabia introduces national policy to eliminate forced labor    Al Hilal solidifies Saudi Pro League lead with a 4-1 victory over Al Wahda    Princess Hessa bint Salman attends launch of fashion design exhibition in Riyadh Princess Noura Al-Faisal: Art of Heritage showcases Saudi identity with a modern vision    Weight-loss drugs may boost health in many ways    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Shoura to propose SR3,000 pension; retirees want more
By Joe Avancena
Published in The Saudi Gazette on 18 - 12 - 2011

Saudi retirees said the recommended increase in their monthly minimum pension from the current SR1,825 to SR3,000 and the proposed grant of full medical insurance cover are not enough to meet the increasing cost of living.
Najeeb Abdulrahman Al-Zamil, a member of the Shoura Council, said there is strong sentiment among the members of the Council to pass the twin measures when the Council finally deliberates them on Sunday. “I think that for sure the Council will approve these incentives for our retirees and pensioners by a two-thirds vote,” he told Saudi Gazette.
After the Shoura approval, the recommendations will go to the Council of Ministers for endorsement and then to the King who will finally issue a decree approving them. Besides increasing the monthly pension to SR3,000 and granting the medical insurance cover, the Shoura Council will also deliberate a proposal to set aside nine percent of the annual earnings of the Saudi Public Pension Agency for retirees.
Bidah Al-Qahtani, board member of the Saudi Retirees Association (SRA) and former president of the Eastern Province Retirees Association, said the proposed increase in the minimum monthly pension and the granting of the mandatory medical insurance benefit, if implemented, though not significant, will improve the living standards of retirees.
“We at SRA have been waiting for years for these opportunities,” Al-Qahtani said.
Some retirees, however, are not satisfied with the recommended SR3,000 monthly pension proposal. “The SR3,000 monthly pension will not ease the difficulties faced by retirees,” said Abdullah Mufareh Al-Qahtani, a member of the Tourism and Retirees Committees at the Asharqia Chamber of Commerce and Industry and a retired military general. “Many years ago, we fought for the SR3,000; five years ago, we retirees demanded SR4,000, and now, because of the increasing cost of living, we retirees actually need an SR8,000 monthly pension to survive,” Al-Qahtani said.
There are more than 600,000 retirees and pensioners and some 800,000 widows and children of retirees who will benefit from the increase in the monthly pension and the medical program. “This government support may not be sufficient to meet the current needs of the estimated 1.4 million retirees and widows who are in dire need of help,” said Al-Qahtani.
He said the SRA will continue to demand more support programs for retirees. __


Clic here to read the story from its source.