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المصري اليوم
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President El-Sissi approves pension law changes
President Abdel Fattah El Sisi has approved the amendment of the Social Insurance and Pensions Law No. 148 of 2019, which will take effect starting today, Monday. The modifications include replacing the text of Article 111 and adding an annual percentage increase to the state's annual contribution, reaching up to 7% by 2029. Additionally, there will be an annual amount of one billion Egyptian pounds allocated for five years starting from 2026. The decision also included appointing Dr. Mohamed Abdel Samad Mihana as the Sheikh of the Muhammadiyah Zroukiyah Sufi Order, and inaugurating several industrial and commercial projects in Alexandria to promote development and productivity.
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