pension
Further, the minimum and maximum wages eligible for social insurance subscription had been raised.
The raises will be effective starting April 1.
Awad underscored that the decision does not contravene the minimum wage.
That is in a ceremony held to celebrate the International Day of Older Persons.
That is within the government's bid to expand the social safety network among irregular workers.
Maait said that LE 90 billion had been paid to the Insurance and Pension Fund, raising the total amount that was paid to the fund in 30 months to LE 420.5 billion. It is scheduled to reach LE 510.5 billion in next June, since the signing of an agreement to resolve entanglements, with the Ministry of Social Solidarity, to pay the dues of insurance funds accumulated over half a century.
The meeting included Prime Minister Mostafa Madbouli, and the ministers of finance, public enterprise, and social solidarity.
President Abdel Fatah al-Sisi issued Sunday decree no. 396/2021 granting injured conscripts and the families of martyred ones an exceptional pension.
The new amendments provide an annual increase of 15% to the gross salary and compensation of the army personnel for seven years.
The Treasury Authority owes the National Social Insurance Authority LE 642 billion.
The debts of eligible defaulters will be fully paid while the lawsuits against them will be dropped.
President Abdel Fatah al-Sisi announced a number of decisions aimed at alleviating the impact of inflation on millions of citizens.
The inclusion of those citizens will start on July 1 along with the beneficiaries of the pension offered by the Ministry of Social Solidarity.
pension beneficiaries will get their money via ATMs although Sunday is a national holiday, marking the fifth anniversary of the June 30 Revolution.
Earlier this month, the Parliament has approved a draft law to amend the social insurance law promulgated by Law No. 79, 1975.
A number of parliamentarians seek to pass a new draft law that sets a minimum wage for hundreds of thousands of janitors
Minister of Social Solidarity Ghada Wali announced victims of the Rawdah Mosque attack will take a pension estimated at LE 1500 ($85).
