The Public Institution for Social Security (PIFSS), said approximately 31,000 citizens, out of a total of around 170,000 retirees listed in the institute’s records of the beneficiaries for a monthly pension receive less than 1,000 dinars per month.
Insiders familiar with the matter disclosed to Al-Rai daily that women make up the predominant portion of this particular recipient group, accounting for approximately 95 percent of the entire cohort receiving retirement pensions below the 1,000 dinar threshold, reports Al-Rai daily.
The insiders underscored that the overall count of individuals covered by the PIFSS system totals approximately 640,000. This group is segmented into 430,000 insured individuals, roughly 132,000 pensioners currently receiving retirement benefits, and an additional 75,000 individuals who are eligible for retirement pensions and currently drawing upon them.
They noted that based on the recorded data, the average pension stands at approximately 1,300 dinars. This translates to an estimated monthly disbursement of around 221 million dinars.
The sources also highlighted the variability in the average monthly pension across different sectors. For those insured within the government sector, the average hovers around 1,450 dinars, while individuals insured within the oil sector receive approximately 1,850 dinars. Meanwhile, those insured within the private sector typically receive around 1,650 dinars on average.
Addressing the 23-dinar increment in retirees’ pensions, the sources clarified that this increase is recurrent and not tied to any specific targeted enhancement in retirees’ salary structures.
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