3 Hrs
Source:
بوابة الفجر
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Pensions Authority manages 9.5M files
In the meeting with the Chairman of the Insurance Authority, Major General Gamal Awad, it was highlighted that the authority manages 9.5 million pension files and disburses pensions to 11.5 million citizens, with 13.8 million insured individuals working under its system. He pointed out that the old systems were no longer sufficient, and the pension system has been restructured in an unprecedented way, as it had not been updated since 1984. The annual expenditures for retirees reached 550 billion Egyptian pounds in 2025-2026, while the authority's revenues amounted to 689.8 billion pounds by the end of June 2026. This was accompanied by efforts to modernize the system to include additional pension accounts for beneficiaries, despite facing challenges in applying these changes to the old systems.
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