The House of Representatives begins discussion of the bill to increase pensions in the plenary session

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The House of Representatives has just started discussing the report of the Joint Committee of the Manpower Committee and the Budget and Budget Committee on the draft law submitted by the government on increasing the pensions by 15% with a minimum of LE 150 for the increase, Minimum pension of 900 pounds.

Jibali Al Maraghi, Rapporteur of the Committee, reviewed the report of the Committee, which confirms that the purpose of the bill is to improve the conditions of pensioners and eligible beneficiaries to alleviate their suffering as owners of limited incomes to cope with rising prices. In accordance with the social security laws, within the framework of the principles enshrined in the Constitution in Articles 8, 17 and 27, and in accordance with the philosophy long adopted by the State of the need for society to reflect on social solidarity and commitment to social justice and the provision of interdependence , Which is what Appears in the form of minimum and maximum limits at the level of increases.

The report pointed out that the project has kept the obligation to explicitly bear the financial burden of the State Treasury on the implementation of its provisions if the reports of examination of the financial position of the insurance and pension funds show an actuarial deficit.

According to the draft law, pensions due according to social insurance laws will be increased until June 30, 2019, by 15% of their value on this date, starting from the beginning of next July, with a minimum of LE 150 per month and a maximum of LE 832.5.

The bill also includes setting a minimum pension of 900 pounds per month, including all increases and subsidies. The public treasury will bear the financial burden of implementing this. The increase due to the pensioner will be linked to the minimum or the total pension, Pounds whichever is greater.

According to the report, the Ministry of Solidarity stressed its keenness to improve the conditions of pensioners and those entitled to them. The cost of increasing the pensions by 15% with a minimum of LE 150 (LE 832.5 and LE 900) is estimated at LE 28.1 billion annually, The number of beneficiaries of the increase amounted to 9.8 million beneficiaries, and the number of cases benefiting from the minimum pension increase is about 1.514 million files, 20% of the number of files, and the number of those who will be affected by the maximum limit of the increase of 483 thousand pension files representing 8 , Only 5% of the number of pensioners.

The government explained that the draft law comes within the framework of the state's efforts to alleviate the suffering of the pensioners to enable them to meet the demands of life and in the interest of the Ministry of Social Solidarity to improve the conditions of the pensioners and the beneficiaries. In light of the constitutional principles embodied in Article 8 and Article 17, And the last paragraph of article 27 of the Constitution, which requires the social solidarity of the society and the commitment of the state to achieve social justice and provide social solidarity and entry and commitment to a minimum and maximum wages to ensure the decent life of all citizens. As of July 1, 2019 by 15% with a minimum of 150 LE and a maximum of 832.5 LE, a minimum pension of LE 900 and an annual cost of LE 28.5 billion, benefiting 10 million pensioners.

(tagsToTranslate) Plenary (t) House (t) Annuities (t) Increases annuities