Social Insurance Chief on Pension Losses and Ghaly
The Chairman of the National Organization for Social Insurance, Major General Gamal Awad, revealed that the government has paid nearly 1.61 trillion Egyptian pounds to the authority from 2019 to 2027, aiming to settle financial entanglements and recover dues, thereby enhancing the stability of the pension system. He affirmed that the organization achieved an investment return of 20 billion pounds from managing its funds, and dismissed rumors of pension fund theft or former officials seizing funds, noting that the performance of the new electronic system is effective, with 92% of pension and death benefit requests processed and facilitating services for citizens. He also indicated that pensions for May and June, along with monthly expenses amounting to 48 billion pounds, are being paid early, and encouraged beneficiaries to use the digital platform for filing complaints and tracking their requests.
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