Baghdad – citing the Iraqi News Agency, INA
The State Employees’ Pension Fund at the National Pension Authority denied on Wednesday media reports and social media claims suggesting that its assets were at risk due to unplanned investments.
In a statement reported by the Iraqi News Agency (INA), the Fund affirmed that it operates under well-studied investment plans aimed at diversifying income sources, boosting revenues, and achieving sustainable profits. These measures, it noted, ensure the Fund’s ability to meet its obligations toward retirees and their beneficiaries, while also strengthening financial resilience against future crises.
The statement added that all Fund assets are subject to strict oversight and transparent financial and administrative procedures, with investment decisions approved by specialized financial and technical committees to safeguard assets and maximize returns.
It further highlighted that the telecommunications sector has been adopted as one of the Fund’s key investment tracks, given its financial stability and steady returns. This strategy, the Fund explained, not only enhances its capacity to meet retirees’ entitlements but also contributes to job creation and supports national economic activity.
The Fund called on media outlets and social media users to verify information and rely solely on official statements issued by the National Pension Authority in order to protect retirees’ rights and serve the public interest.
