{"id":544987,"date":"2022-03-30T03:45:18","date_gmt":"2022-03-30T03:45:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/house-approves-early-bonuses-raises-for-state-employees-and-pensioners\/"},"modified":"2022-03-30T03:45:18","modified_gmt":"2022-03-30T03:45:18","slug":"house-approves-early-bonuses-raises-for-state-employees-and-pensioners","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/house-approves-early-bonuses-raises-for-state-employees-and-pensioners\/","title":{"rendered":"House approves early bonuses, raises for state employees and pensioners"},"content":{"rendered":"

<\/a> The House of Representatives has approved a law that expedites public sector <\/strong>wage hikes and pension increases<\/strong>, an urgent measure announced last week<\/a> to soften the economic impact of the Ukraine war, Ahram Online<\/a> reports. The bill brings forward the new remuneration rates by three months, meaning that they will take effect at the beginning of April rather than at the start of the new fiscal year in July. This comes as part of a package of fiscal measures announced by the government last week to mitigate the impact of rising inflation and the recent EGP devaluation<\/a> on household finances.<\/p>\n

The details: <\/strong>Public sector workers covered by the Civil Service Act will receive an 8% raise on their gross monthly salaries at the beginning of April. Civil servants not within the legislation will get a 15% raise. Monthly bonuses will increase by EGP 175-400, depending on the rank. Meanwhile, pension payouts will rise by a minimum of EGP 120 a month.<\/p>\n

OFFICIAL SPIN- <\/strong>Parliament\u2019s approval of a law expediting public sector wage hikes and pension increases got attention on Al Hayah Al Youm (watch, runtime 5:07<\/a>) and Ala Mas\u2019ouleety (watch, runtime 6:24<\/a>).<\/p>\n

Also given final approval:<\/strong><\/p>\n