Algiers – Algerian pensioners are set to receive a boost to their monthly income following the Council of Ministers’ approval of increases ranging from 5% to 10%. The decision was made during a meeting of the Council held earlier today, Sunday, under the leadership of President Abdelmadjid Tebboune, according to an official statement.
The exact details of the implementation and the specific criteria for determining the percentage increase for individual pensioners are expected to be announced in the coming days. However, the move is being widely welcomed as a positive step towards improving the living standards of retirees across the country.
The decision reflects the government’s commitment to supporting vulnerable segments of the population and ensuring a dignified retirement for those who have contributed to the nation’s development. The increase is particularly significant given the current economic climate and rising cost of living.
Sources within the government have indicated that the scale of the increase will be dependent on the level of the current pension received, with those receiving lower pensions likely to benefit from the higher percentage increase. This approach aims to provide more substantial relief to those most in need.
This announcement is likely to be met with considerable relief and appreciation from Algeria’s large pensioner population. Further details regarding the implementation date and payment procedures are eagerly awaited.