Over 100.000 Employees Refuses To Retire

More than 100.000 employees whose ages exceeds 60, which is the legal age of retirement, refuse to retire by the beginning of January 2017 and leave their office, as they decided to extend their work to 5 additional years, knowing that most of them work in public companies, and the sectors of health and education, according to the statistics of the General Union of Algerian Workers, at the time when the GUAW asked the government to prevent the new retirees from working with contract beyond the age of 65, and this is within the framework of searching for solutions, to save the national pension fund “CNR” from additional expenses, which could lead it to bankruptcy.

Official spokesman for the General Union of Algerian Workers in the pre-retirement file, Chabekh Ferhat, said that the only solution to save the pension fund from bankruptcy in light of the financial deficit which it faced, is discussing new ways of funding, which he said would be by raising workers’ contributions to the Social Security, with preventing new retirees, who will leave office at the beginning of next January, from working with contract until they reach 65, wondering about the economic feasibility of taking advantage of the pre-retirement or retirement, on the pretext that they are exhausted and work hard, and then they will benefit from the large pension for retirement, to work afterwards through attractive contracts with foreign and private companies.

“More than 100.000 employees are convinced of the idea that was put forward by Prime Minister, Abdelmalek Sellal, weeks ago, which provide for extending the work to 65 years if the worker wishes to continue his job voluntarily, without any force or hatred. Many workers refuse to leave for retirement because they are in good health, and are able to give so much and want to keep their wages for 5 more years”.

“Preventing retirees from the labour contract until 65 will drive many to continue for 5 more years of work, as the pre-retirement and relative retirement workers refused to take advantage of it, which is expected to positively affect the revenues of the retirement fund. I disagree with the suggestions of some experts who asked for exploiting the pensions’ fund money in the investment and the granting of loans, the projects that were considered a sources of usury benefit money for workers, and this is an unsecured adventure, which may contribute to bankruptcy more than profitability”.