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10:39 a. M.
Friday 23 October 2020
Books – Muhammad Nassar:
The Media Center of the Council of Ministers confirmed that what has been circulated about increasing the retirement age for workers in the state’s administrative apparatus to 65 years during the current fiscal year is incorrect.
The Media Center of the Council of Ministers said that it contacted the Ministry of Social Solidarity, which denied the news, confirming that it is not correct to raise the retirement age of workers in the state administrative apparatus to 65 years during this fiscal year , explaining that the legal age to leave the pension is 60 years, according to the law. The new social security and pensions, provided that the retirement age will be unified at 65, as of July 2040, for workers in the State administrative apparatus and workers abroad, with the objective of equality with employers and irregular workers, and the unification of insurance benefits for all.
In the same context, the new law developed a plan to gradually increase the pension age to address the fiscal deficit in the pension system and reduce the burden on the public treasury, so that its effective implementation will begin in 2032 by raising the pension age. pension at 61 years, 62 years in July 2034 and 63 years in July 2036. And 64 in July 2038, up to 65 in July 2040.
The law also lowered the rates of social security contributions, to encourage employers to insure workers, while preserving the benefits established in previous social security laws. The law stipulated 15 years for an insurance contribution for the right to a pension instead of 10, and 25 years for the “anticipated ones”.
We call on all media and social media users to be accurate and objective in publishing news, and to communicate with the competent authorities to make sure before publishing information that is not based on any fact and that creates confusion. among citizens.
