Home
Previous Post
This Sahel Beach-Bar Will Have You Making Tough Choices Between Dancing and Sushi
Next Post
Egyptian Cancer Patients Can Now Travel on Trains For Free

Pensions in Egypt to be Increased by 15% in July

Government announces some changes to state pensions

The government announced that pensions will be increased by 15% starting July, raising the minimum pension from EGP 500 to EGP 750, according to Egypt Today.

This was approved in a draft law that was passed earlier this month, along with Article 2 that states that “the minimum pension for the insured or eligible pension shall be increased from EGP 500 to EGP 750”.

The draft law states that the maximum pension shall be 80% of the settlement fee, which is the last remuneration of the speaker of the House of Representatives, prime minister and his deputies, ministries and their deputies, and governors or their last annual salary, and should not exceed the net maximum wage on the date of termination of office.

This comes at a high price; according to Minister of Social Solidarity Ghada Wali, the cost of increasing pensions by 15% is EGP 21.3 billion, and the amount allocated to pensions in the new fiscal year’s budget is EGP 150 billion.

Main image from Cairo Institute for Human Rights Studies

)
Todays Events
Friday Fever @ CJC
Bars
Date: 7/19/2019
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club
Final Match ft. DJunkie @ CJC 610
Bars
Date: 7/19/2019
Time: 11:00pm - 3:00am
Venue: Cairo Jazz Club 610
Freedom Music Of Tokyo @ Pearl Club
Parties
Date: 7/19/2019
Time: 2:00pm - 4:00am
Venue: Pearl Club
Feedo @ Vibes Beach
Parties
Date: 7/19/2019
Time: 12:00pm - 7:00am
Venue: Vibes Beach
Bakir & Cheeseballs @ The Tap Maadi
Bars
Date: 7/19/2019
Time: 10:00pm - 3:00am
Venue: The Tap Maadi
Farah Nasri @ Ceros
Parties
Date: 7/19/2019
Time: 10:00pm - 3:00am
Venue: North Coast
Surviving Hijab Summit @ The Greek Campus
Conference
Date: 7/19/2019
Time: 10:00am - 6:00pm
Venue: The Greek Campus
Intermediate Acting Workshop @ Dawar Arts
Workshop
Date: 7/19/2019
Time: 9:30pm - 4:00pm
Venue: Dawar