Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Decree prohibits pension-buying

Decree prohibits pension-buying

Decree prohibits pension-buying

THE Council of Ministers has approved a draft of a Royal decree prohibiting the purchase of military pensions by middlemen, a practice that Prime Minister Hun Sen criticised in a speech last week.

A statement issued Friday by the council said the purpose of the decree is to “improve the effective management and implementation of pensions” by ensuring that they are paid “quickly and transparently” to their designated recipients.

Prak Chanthoeun, director general of the Social Affairs Ministry, said he could not provide statistics concerning how many pensions are purchased each year, but said that “many” veterans sell theirs in order to receive a large payment each year rather than smaller payments each month. In such transactions, middlemen customarily keep a portion of each pension for themselves.

He said the decree did not call for the punishment of middlemen or veterans caught flouting the ban.

Speaking at the National Veterans Conference last Monday, Hun Sen said there are more than 90,000 veterans drawing pensions that support a total of 260,000 people, costing the government 6.4 billion riels (about US$1,523,809) each month.

He also issued a warning to middlemen in the pension-buying business. “I would like to appeal to the middlemen who bought the salary books of veterans: Please return them generously to the veterans or sell them back at the proper price,” he said.

The decree is next set to be debated at the National Assembly.


  • Professor beaten by mob in Phnom Penh after alleged hit-and-run

    Updated with new information: 6:44am, Tuesday March 13 2018 A university professor accused of a hit-and-run has been transported to Vietnam with serious head injuries after he was brutally beaten by a mob in Phnom Penh late Sunday afternoon. A video of the attack shows a group

  • American ‘fugitive’ arrested in Cambodia outside of US Embassy

    An American citizen was arrested on request by the US Embassy in Phnom Penh on Tuesday, according to Cambodian police. Major General Uk Hei Sela, chief of investigations at the Department of Immigration, identified the man as American Jan Sterling Hagen, and said he was

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of