The President of the Republic: Increases in grants and pensions for retirees – New Algeria

The President of the Republic approved Abdel Majeed TebbouneIncreases in grants and pensions for retirees, which will be applied at a rate ranging between 10 and 15 percent.

The President of the Republic confirmed that the decision to lift grants Retirees Recognition and appreciation by the state for the efforts of workers.
At the same time, President Tebboune stated, during his chairmanship of the Council of Ministers meeting, that this increase will enable all categories of retirees to improve Living framework For them and their families
The President of the Republic also assigned the Minister of Finance to review the high bank interest rates that are inconsistent with investment policy.

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 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.

President Tebboune also renewed, by the way, his adherence to the social character of the state stemming from the principles of Bayan first of November 1954.

The President 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.”