New increase implementation date for retirees and employees

President Abdel Fattah El Sisi has decided to implement a 15% increase for retirees, which will be directly added to their eligible pensions, starting with the July pension disbursements. The increase will include pensions resulting from partial disability due to injury and exceptional pensions. It will be calculated based on the pension value as of June 30, 2026, and distributed proportionally on July 1, 2026. Additionally, the Prime Minister announced an increase in the minimum wage from 7,000 to 8,000 Egyptian pounds. Salaries will be paid after the new increase is applied, beginning in July.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article