The President of the Republic, Mr Abdel Majeed TebbouneToday, Wednesday in Algiers, increases in pensions and grants for retirees ranging between 10 and 15 percent will be approved during the next Council of Ministers meeting..
The President of the Republic said while supervising the ceremony to celebrate International Labor Day at the headquarters Trade union centralization At the People’s House, the next Cabinet meeting will approve increases in pensions and grants for retirees ranging between 10 and 15 percent.
The President of the Republic also renewed, on the occasion, his adherence to the social character of the state stemming from the principles of Bayan first of November 1954.
The President of the Republic had agreed, during his presidency of the last meeting of the Council of Ministers, to revalue pensions and retirement grants for the year 2024 for retirees of the retirement system. For procedures Or non-wage workers in all categories, in view of “the development of the standard of living, taking into account the financial capabilities of the state,” stressing the necessity of “preserving social protection for this group that has provided so much to the nation.”
On the same occasion, he directed the government to “re-examine this file carefully in the Government Council and initiate in-depth studies to determine the level of increases that will be approved in a phased manner in the next Council of Ministers.” He also directed to search for “additional new financing methods for the National Retirement Fund so that these increases are in line with the development of National economy”.
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