Today there was very important news from our elderly families, and this news is coming from the National Authority for Insurance and Pensions, which will implement a new increase in the minimum and maximum limits of pensions.. I wonder how much this increase will reach you and when will it be implemented?
The insurance and pension system is one of the most important government services that the government provides to workers in the public and private sectors, especially since it provides a monthly salary to the insured when they reach retirement age, and at this age every one of us will need any penny to be spent on himself, his treatment, and his home, especially since we are… We have reached an age where we will no longer be able to run and fight like before, nor will we be able to fight for a living as we do now.
And let us be in agreement that the pension is now the real backbone of every Egyptian family, and everyone has spent many years in the corridors of work, whether it was a public or private sector, and the state over the past period has proven with conclusive evidence that it is on the side of the citizen and supports the elderly and pensioners, and indeed In a legislative text stipulating that there is an annual increase in pensions in accordance with the Insurance and Pensions Law, especially since Article 35 of the Law Pensions: It stipulates that the increase in the pension due to the citizen will be implemented on June 30 of each calendar year, and disbursement will be made starting from the first of July. The increase rate will be a maximum of 15%, and the Social Insurance Fund will bear the percentage increase of part of the pensions, and the state’s general treasury will bear the remaining part.
Ok, what is the good news that the state is preparing for pension and insurance owners?
Today, Major General Gamal Awad, Chairman of the Board of Directors of the National Social Insurance Authority, announced raising the minimum insurance subscription wage to 2,300 pounds instead of 2,000, and the maximum to 14,500 pounds instead of 12,600 thousand pounds, and it will be implemented from the first of January.
Major General Gamal Awad, Chairman of the Board of Directors of the National Social Insurance Authority, said that the new increase will raise the minimum pension to 1,495 pounds instead of 1,300 pounds, and the maximum pension will rise with it to 11,600 pounds instead of 10,080 pounds. This is for workers who are insured and who Their service will end at the beginning of next year.
The head of the National Social Insurance Authority continued his speech and said that the decision is within the framework of the provisions of the Social Insurance and Pensions Law issued, which stipulates the application of an annual increase to the minimum and maximum limits of the insurance subscription wage, and that the new increase aims to improve the value of the pensions that the insured receive at the time of the end of their service.
