New Increase in Egyptian Pensions: Details and Updates for Retirees

2023-06-11 18:15:21

The increase in pensions on the first of July, which is increasingly being sought with the approach of July, as this month is known to witness the annual increase in salaries and pensions, and the head of the National Social Insurance Organization, Major General Jamal Awad, revealed the truth regarding applying the pension increase by 500 pounds on the first of July, and here are the details .

New increase in “pensions” the first of July

The application of the planned increase in pensions will be beneficial for retirees and pensioners in Egypt. According to the information provided, it is mentioned that an increase of 15% was implemented in April instead of July, and this increase will be added to the current pension value. The following is a list of the new pensions value following applying the increase:

• A citizen who receives a pension of 1,300 pounds will have a pension of 1,495 pounds.
• A citizen who receives a pension of 2,300 pounds will have a pension of 2,645 pounds.
• A citizen who receives a pension of 3,500 pounds will have a pension of 4,025 pounds.
• A citizen who receives 4,300 EGP pension, his pension will be 4945 EGP.
• A citizen who receives 5300 EGP pension, his pension will be 6095 EGP.
• A citizen who receives 6,500 EGP pension, his pension will be 7475 EGP.

Major General Gamal Awad, head of the National Authority for Social Insurance, announced in televised statements that President Abdel Fattah El-Sisi does not delay in meeting the needs of pensioners and that he directs the implementation of an increase in pensions before any crisis escalates.

Major General Jamal Awad confirmed that the president directed regarding 6 months ago to pay a lump sum to pensioners, which shows the government’s commitment to meeting the needs of retirees.

The head of the National Social Insurance Organization indicated that an increase in pensions was scheduled to be paid in July, but President Sisi directed that the increase be paid to April, and the increase amounted to 15%, with the aim of meeting the needs of retirees and helping them in light of the current economic challenges. Jamal Awad said that this move reflects understanding of citizens’ conditions and the government’s keenness to meet their expectations.

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