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Social Insurance Chief: 14M Egyptians Insured
The article aims to clarify that the number of insured Egyptians under the social insurance system is approximately 14 million people. It explains that the contributions paid by workers and employers ultimately translate into pensions. The report states that these contributions consist of two parts: one borne by the employer and the other by the worker. It also mentions that some employers face difficulties in paying their debts, especially following the impacts of the global economic crisis, the COVID-19 pandemic, and the Russia-Ukraine war. Additionally, it notes that the law requires the authority to collect funds through penalties for late payments. The social insurance file is considered an important factor for attracting foreign investments, as the commitment to premium payments is viewed as a significant element influencing the investment environment.
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