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Ahmed Musa Explains New Pension System
Media personality Ahmed Musa revealed that President Sisi issued directives in 2019 to resolve the entanglement between the Insurance Authority and the Ministry of Finance, and to invest pension funds within a new system that ensures no one is deprived of their pension until the age of 50. He added that the new system offers 170 digitalized services to citizens, and that the value of pension installments has increased to 238.5 billion EGP from 227 billion EGP, with an annual growth rate of 7%. He also pointed out that there is a governance system in place to protect pension funds for 50 years, along with the provision of self-service and interactive services through modern machines.
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