• 05:02
  • Tuesday ,05 June 2018
العربية

Egypt parliamentary committee approves 15% raises in pensions, basic salaries for state employees

By-Ahram

Home News

00:06

Tuesday ,05 June 2018

Egypt parliamentary committee approves 15% raises in pensions, basic salaries for state employees

The Egyptian Parliament s manpower committee approved on Sunday a draft law granting annual and additional raises for state employees and public servants, Al-Ahram Arabic website reported.

The first article of the draft law s four articles stipulates a 15% increase in pensions for state employees to be added to their basic pensions as of 30 June 2018, and an increase of the minimum pension to EGP 750 per month.
 
The second article stipulates that state employees at the government s administrative apparatus who fall under the Civil Service Law of 2016 are to receive a 7% annual raise on their basic salaries and an additional irregular raise of 10% on their basic salary.
 
The third article stipulates that state employees from rank 4 to rank one in seniority will receive an extra irregular raise ranging between EGP 160 -140 to be added to their basic salary.
 
The fourth and final article stipulates that workers and employees in the state s business and financial sectors are to receive a 10% raise.
 
Egypt s Minister of Finance Amr El-Garhy and Public Sector Minister Khaled Badawy attended the committee s discussion of the draft law on Sunday.
 
According to Al-Ahram Arabic website, El-Garhy stated that the raises were considered a new social security measure to protect state employees in the current times of government-adopted economic reforms.
 
The parliament must approve the draft law before it is sent to the president for ratification.