Home » News » January 2024 Minimum Pension Increase Announcement: What You Need to Know

January 2024 Minimum Pension Increase Announcement: What You Need to Know

All citizens are searching for the latest pension news now, urgently, and are wondering what is the implementation date for the minimum pension decision in accordance with what was stipulated by the National Social Insurance Authority in order to improve incomes for citizens of all categories. There are many people who depend on the pension salary that they receive on a monthly basis as a result of the efforts made. They did it during the work period.

Latest pension news now urgent

We show you the latest pension news now, urgently, through the lines of this article, as with the approach of the new year, citizens are searching for the increase that was applied to pensions in January with the beginning of the implementation of the minimum pension decision, in accordance with what was stipulated by the National Authority for Social Insurance, as well as pensions. Within the framework of improving the income of citizens of all categories, the Chairman of the Board of Directors of the National Authority for Social Insurance announced that pensions will be increased in January 2024, starting from the beginning of next month, and you will learn about the minimum pension.

Minimum pension

We convey to you details about the minimum pension, which will be 1,300 pounds, up from 1,105, while the maximum factor will be 10,080 pounds, down from 8,720 pounds. It was disclosed in the Insurance Authority’s statement that the minimum insurance subscription has been raised to 2,000 pounds, after it was It was 1,700 pounds, and the maximum limit for the insurance subscription wage will be raised, thus becoming 12,600 pounds, after it was 10,900 pounds. The Chairman of the Board of Directors confirmed that the decision to raise the maximum and minimum wages for all insurance subscribers was in implementation of Article No. 148 of 2019, which Which guarantees an annual benefit that exceeds the two limits within the framework of implementing the axes of reforming the social insurance system, and this happens to improve the value of the pension, their service and entitlement.

1 hour ago

2024-01-04 22:28:47
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