1 Day
Source:
صدى البلد
Insurance: Max pension increase of 2,505 pounds
Major General Gamal Awwad, Head of the National Authority for Social Insurance, confirmed that President Abdel Fattah El Sisi has decided to increase pensions by 15% starting from July 1. Approximately 11.5 million citizens will benefit from this raise, with an annual cost of 70 billion Egyptian pounds. This increase is part of efforts to improve living conditions and ease burdens. It includes an annual increase that will not be less than the inflation rate and will not exceed 15%. The pension amounts vary depending on the contributor’s salary and the number of contribution years, with a maximum increase of 2,505 Egyptian pounds. Pensions will be disbursed through banks, post offices, and ATMs in coordination with the Central Bank.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)