Egypt Approves 15% Pension Increase Effective July 1

Egyptian President Abdel Fattah El-Sisi approved a 15% increase in pensions effective July 1, as part of the government's ongoing efforts to strengthen social protection programs and support pensioners amid rising living costs.

The presidential decision covers all eligible pension recipients and also includes increases in partial disability pensions resulting from work-related injuries that did not lead to termination of service, as well as exceptional partial injury-related pensions.

The measure is expected to benefit approximately 11.5 million pensioners and beneficiaries across Egypt, representing one of the largest social support initiatives implemented this year.

Gamal Awad, Chairman of the National Organization for Social Insurance said the decision reflects the state's determination to support vulnerable groups and strengthen Egypt's social safety net at a time when many households continue to face economic pressures.

"The president's directives to increase pensions by 15% underscore the government's commitment to protecting citizens and ensuring greater social solidarity," Awad said.

The annual cost of the pension increase is estimated at approximately EGP 70 billion, according to the National Organization for Social Insurance. Officials noted that the maximum value of the monthly increase will reach EGP 2,505 for eligible beneficiaries.

Authorities confirmed that all administrative and technical preparations are being finalized to ensure the increase is disbursed on schedule beginning July 1.

The enhanced pension payments will be available through multiple channels, including commercial banks, post office branches, automated teller machines (ATMs), and electronic wallets. 

With implementation set to begin next month, pension recipients across Egypt are expected to see the higher payments reflected in their July disbursements.