When to increase pensions
With respect to the insured who returns to the field of application of the aforementioned social security law, which was previously granted any of the two increases established by this law or any similar increase determined by another law that deserves the better of the two increases.
Accumulated pension increases are recalculated in accordance with the provisions of laws and decisions No. 55 of 2011, 110 of 2012, 81 of 2013, 433 of 2012, 704 of 2012, 190 of 2014, 29 of 2015, 60 of 2016 , 80 of 2017, 99 of 2018, 74 for the year 2019 with respect to the increase in pensions, taking into account the increase in the pension in this article, while paying the financial differences due for a maximum of five years from of the date of implementation of the provisions of this law.
The increase in pensions prescribed in this Article, and the financial differences mentioned in the preceding paragraph, will be distributed to those who are entitled to them on 7/1/2020 in proportion to the pension paid to them. It will issue a decision of the Prime Minister with rules, provisions and deadlines for the exchange.
The public treasury will assume the value of the increase stipulated in this article, as long as it enters the charges that it pays to the Social Security Fund for article (111) of the Social Security and Pensions Law promulgated by Law No. 198 of 2019.
Beneficiaries of the new increase in pensions.
The number of beneficiaries of the decision to add 80% of the value of the last 5 pensioner bonds is estimated at more than two million pensioners.
The five bonuses are due to the people or employees who left the pension from 2006 to 2015, because in 2006 the government stopped adding the five bonuses to the basic salary of pensioners after leaving the pension age, but with the issuance of the Civil Service Law, the abolition of basic and variable salaries, for which pensioners are entitled to 80% of the basic salary, in accordance with the highest administrative resolution.
Conditions for obtaining the five bonuses
But there are conditions that must be met by those who obtain these five bonuses, estimated at 80% of the basic salary, and these conditions are:
That the insured is on the date the service ends together for the aforementioned premium.
With respect to this increase, the value of the increase will be calculated on the basis of the value of the premium, attributable to the basic insured contribution rate stipulated in the aforementioned Social Security Law, and which does not exceed the maximum contribution rate in force each time.
