The Social Security Fund – Tripoli Branch – announced the deposit of March pensions for Al-Wahda Bank customers, confirming that the deposit process for the remaining banks will be carried out as soon as the bank transfer is executed, at the latest by the beginning of next week.
The Fund pointed to the imminent launch of a new action plan aimed at advancing the pension payment date to before the fifth day of each month, as part of efforts to improve services for beneficiaries.
The Fund also confirmed the suspension of deductions for social advance installments from March pensions, among the measures it is taking to alleviate burdens on retirees during the current period.
Social Security Fund
The Social Security Fund is a public institution established to provide financial protection and welfare benefits, such as pensions and healthcare, to eligible citizens and residents. Its history typically involves creation by national governments in the 20th century, often as part of broader social insurance reforms to mitigate risks like old age, disability, and unemployment.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, serving as a major port and cultural crossroads. Its historic center, the medina, features ancient architecture like the Arch of Marcus Aurelius and the Red Castle (Assai al-Hamra).
Al-Wahda Bank
Al-Wahda Bank is a major commercial bank in Libya, founded in 1970 as part of the country’s efforts to develop its national financial sector. It has played a significant role in Libya’s economy, providing a range of banking services and expanding its branch network domestically over several decades.
