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New pension increase date set for 2026
The Egyptian government announced substantial amendments to the Social Insurance and Pensions Law aimed at ensuring the sustainability of the financial resources of the funds and providing regular increases to beneficiaries. The amendments include a 6.4% increase in the annual contributions paid by the general budget, starting from July 2026, along with additional financial support of one billion Egyptian pounds annually for five years beginning from the same date. The plan also involves a gradual increase in the annual contribution rate, reaching up to 7% by 2029, with a commitment to pay the contributions over a period of 50 years to ensure the stability of the pension system.
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