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2026-07-19T01:16:10.000Z

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Mervat El Talawy on pension funds withdrawal

Mervat El Talawy on pension funds withdrawal

The article reveals statements made by Dr. Mirza Tlaoui, the former Minister of Insurance and Social Affairs, regarding the government's seizure of pension funds to finance government projects such as Toshka and the Media Production City during Kamal El-Ganzouri's government. She clarified that she refused to resign at the time because she wanted to direct the insurance funds into successful companies with the aim of significantly increasing pension values, which could have risen from 500 to 5,000 pounds if this had been done. She confirmed that the government continued to transfer pension funds from a dedicated fund to the public treasury, which belongs to the government, and that her departure from her position was a protest against this. She also pointed out that her refusal to accept the government's stance stemmed from her desire to retain these funds for budget needs, and that this decision was not motivated by personal enrichment.

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