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Insurance pension hikes of 15% from July
Lieutenant General Gamal Awwad, head of the National Social Insurance Authority, announced a 15% increase in pensions starting from July 1st, with an estimated annual cost of approximately 70 billion Egyptian pounds. This benefit will reach around 11.5 million eligible beneficiaries. The increase is part of the state's efforts to strengthen social safety nets and improve the lives of the most vulnerable groups. Payments will be made through banks, post offices, and ATM cards.
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