National Social Insurance Chief denies 1.3B pound pension claim

The Head of the National Organization for Social Insurance confirmed that the pension disbursement system is operating stably, and that the reports about spending 1.3 billion Egyptian pounds on the new system are not accurate. In fact, approximately 2 billion pounds have been spent since 2020 to develop and upgrade the systems, including 240 million pounds allocated for establishing the new system. He also announced that the organization has disbursed 85 billion pounds over the past two months, and that there are currently no issues with the pension system. He emphasized that the organization handles all matters with complete transparency.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article