The Finance Ministry rejected a plan by the Social Solidarity Ministry to reduce the minimum age required to benefit from the Takaful and Karama pension programs to 60 years from 65, Social Solidarity Minister Ghada Waly told Ahram Gate. The Finance Ministry said the move would conflict with the Insurance and Pensions Law, which sets the minimum age (and probably to guard against an added fiscal burden), she added, but the proposal was sent to the Egyptian Council of State for further study. This comes as the House of Representatives is pushing through legislation that will increase pensions of civil servants and military personnel. The legislation is currently being reviewed by joint committee which includes MPs from the labor, social solidarity, planning, national security committees, Al Masry Al Youm reports.

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