Presidential decree announces increase in pensions

Mostafa Salem
2 Min Read
Interim president Adly Mansour (AFP Photo)
Interim President Adly Mansour
Interim President Adly Mansour

Interim president Adly Mansour issued a presidential decree Tuesday terminating a 2010 social security law, due to the “lack of societal consensus” regarding the law, according to Minister of Social Solidarity Ahmad Boraie.

Released on 12 August, the presidential decree, or law number 79/2013, will be “effective immediately the following day,” said Boraie, while “active law referred to in regards to issues relating to social security will be the current social insurance legislations.” These include social insurance law number 79, law number 108/1976 related to business owners, law number 50/1978 for Egyptians working abroad.

The laws stated were already in effect while the terminated law was legislated 2010. It was set to come into effect in 2012 but was abandoned when it stirred controversy following the January 25th Revolution.

“Society as a whole opposed the law,” said Mohamed Al Sayyad, social security law expert. “It is inapplicable within Egyptian society.”

Mansour’s decree contains two articles, the first of which terminating the “ineffective” 2010 social security law, while the second article states that a new article will be added to the current social insurance law which would ensure an “increase in pensions owed ​​to particular pensioners due to reaching retirement age, disability or death.”

The increase will apply to workers within governmental third parties in the public or private sector. Business owners will also benefit from the presidential decree, as stated in social insurance laws.

Other beneficiaries of the increase in pension will be Egyptians workers abroad, as stated in law number 50/1978.

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