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Pensions: A deficit of 580 billion dinars
Mardi 13 Novembre 2018
Journal Electronique

The deficit of the National Pension Fund (CNR) is worrisome,indicated last Thursday, august 30th the Minister of Labor, Employment and Social Security, Mourad Zemali during his working visit to the wilaya of Sidi Bel -Abbès.

 Said Zemali indicated that "The national pension fund has a deficit of 580 billion dinars due to the mass retirements during the last three years and the long evolution of contributions," said Zemali, the financial position of the Fund is critical, despite the elimination of the early retirements, Adding furthermore that the expenses of the national found of retirements are around 1,200 billion dinars annually, while contributions do not exceed 600 billion. Therefore, believes that it’s inconceivable to return to retirement at age 60.

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      The singer and musician Rachid Taha, who died on Tuesday 11th , will be buried on Friday, September 14th in his hometown of Sig in the wilaya of Mascara, after a final tribute was paid to him in Paris on Thursday, we have learned from his relatives.

      Rachid Taha had a heart attack at the of age 59 in his home in Paris, the renowned Algerian guitarists Lotfi Attar Khliff Miziallaoua have also praised the "talent of an exceptional rocker" citing his genius and his outstanding work in "Rock the Casbah" and the development of universal and rooted directory Algerian music.

       

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