Millions of Pensioners and employees Julybut ratherLack of patience, after President Sisi’s directives to support these groups and grant them more support and monetary incentives, which were represented in allowances, promotions and bonuses, in the context of alleviating the burdens of living on their shoulders.
“Echo of the Country” reviews the most prominent decisions that will be implemented starting from the first of next July, related to these categories.
And the Official Gazette published, earlier, the decision of President Abdel Fattah El-Sisi to increase pensions, starting from 1/7/2021 by 13%, so that the maximum increase in the pension would be 1053 pounds, and the minimum increase in the pension would be 117 pounds, and they are for owners of the minimum pension that reaches 900 pounds as their pension From the beginning of July 1027 pounds.
The July 1, 2021 pension increase comes as follows:
Whoever receives 1,000 pounds as a pension, his pension after the increase will be 1,130 pounds.
Whoever earns 2000 pounds will receive a pension of 2260 pounds.
Whoever earns 3000 pounds will receive a pension of 3390 pounds.
Whoever earns 4000 pounds will receive a pension of 4520 pounds.
Whoever earns 5000 pounds will receive a pension of 5650 pounds.
Whoever earns 6000 pounds will receive a pension of 6780 pounds.
Whoever earns 7000 pounds will receive a pension of 7,910 pounds.
Whoever earns 8000 pounds will receive a pension of 9,040 pounds.
Next July will witness two bonuses at a cost of 7.5 billion pounds. The first is a periodic bonus for employees who are addressed by the civil service law at 7% of the job wage, and the second is a special bonus for workers not addressed by the civil service law at a rate of 13% of the basic salary, and the additional incentive will be increased for each employee. Of those addressed and not addressed by the civil service law, at a total cost of about 17 billion pounds, this is in contrast to President Sisi’s decision to raise the minimum wage for employees to 2,400 pounds.
In this context, Minister of Finance, Dr. Mohamed Maait, said that the Ministry of Finance is currently working to implement President Abdel Fattah El-Sisi’s mandates regarding the adoption of an increase in wages and bonuses for state workers, including raising the minimum wage and approving periodic bonuses prescribed by the Civil Service Law, and employees addressed by laws or special cadres, He stressed that the activation of the increases will start from the first of next July, according to a statement by the Ministry of Finance.
July bonus 2021
The government aims to raise its spending on wages and compensation for state workers during the next fiscal year, at an increase rate of 37 billion pounds to become 361.05 billion pounds; To ensure that there is a real increase in the income of state employees on the budgetary organs
A government report on the draft budget for the next fiscal year revealed that it aims to direct the bulk of that increase to improve wages for middle-level employees, as well as workers in the health and education sectors.
The government also aims to raise its spending on wages and compensation for state workers during the next fiscal year, at an increase rate of 37 billion pounds to become 361.05 billion pounds; To ensure that there is a real increase in the income of state employees on the budgetary organs
Increase allowance for journalists
Prime Minister Mostafa Madbouly agreed to what was offered by Minister of Finance Mohamed Maait, to increase the training and technology allowance for journalists’ syndicate members by 20% at an annual cost of 60 million pounds, and to support the union’s pension fund with ten million pounds, as well as support for “unemployment aid” allowances for journalists. The “unemployed” will cost twenty million pounds, at a total cost of 90 million pounds, as of the first of next July.
Approval of employee promotion
The president also directed the promotion of employees who meet the promotion requirements on 30/6/2021, to achieve an improvement in their wages with a total value of about one billion pounds, and the allocation of a financial incentive program estimated at about 1.5 billion pounds for workers transferred to the new administrative capital.