Mataf nearly empty as entry to Makkah restricted to Hajj visa holders    Cinema revenues account for SR845.6 million in 2024 17 Saudi films among 504 films screened    Will US tariff hikes affect Saudi Arabia? Kingdom largely insulated as oil exports remain exempt and non-oil sectors gain a pricing edge    Expat arrested for immoral act at a massage center in Jazan    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Saudi market shows resilience in Q1 2025 despite global volatility: Report    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Guterres warns two-state solution is 'near a point of no return'    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    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.