Prince Nasri wrote
Monday, March 20, 2023 10:47 PM
Major General Jamal Awad said Social Insurance Authority On March 2, President Abdel Fattah El-Sisi directed a social protection package to improve wages in the state, increase pensions and disburse them starting from April 2023, instead of July.
The head of the Social Insurance Authority, during a telephone interview with him on the “On My Responsibility” program broadcast on Sada Al-Balad channel, pointed out that the pension increase amounted to 15%, with a minimum of 170 pounds and a maximum of 1635 pounds, indicating that Parliament approved the increase in pensions, and the implementation will be From next April.
Major General Jamal Awad commented: No pensioner will be harmed by the decision to increase, and 11 million citizens will benefit from the increase at an annual cost of 55 billion pounds, and the 3 months early disbursement of pensions from July made their financial difference 14 billion pounds, and the increase in pensions increased in the past years from the beginning of the implementation of the law 148 increased in 7 2020, 72021, 4 2022, and 11 2022 exceptional grants with a deduction amount of 300 pounds that cost 32 billion pounds to the state, and the 15% is now spent in 2023, and in 2021/2022 pensions of about 300 billion pounds were disbursed, and this was for a number in 2019 amounted to 160 billion pounds.
And he continued: Within a year and a half, 6 and a half million pension exchange cards were changed to smart cards, with which “water, electricity, and gas” bills can be paid, such as visas, and we are waiting for 190 billion pounds from the state treasury in the new budget.
