November pension payout date announced
November pension payments will start being disbursed from November 1st, including a 15% increase approved by President Abdel Fattah El-Sisi. This covers approximately 11.5 million beneficiaries at an estimated total cost of around 70 billion Egyptian pounds per month. The disbursement will take place through banks, post offices, ATMs, and electronic wallets to facilitate easy access to the entitlements. Additionally, it is expected that the minimum pension amount will rise from 1,755 pounds to 2,080 pounds starting in January, benefiting about 380,000 individuals. The pension amount is determined based on insurance contributions and the length of payment.
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