{"id":596304,"date":"2019-08-25T04:00:07","date_gmt":"2019-08-25T04:00:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/"},"modified":"2019-08-25T04:00:07","modified_gmt":"2019-08-25T04:00:07","slug":"el-sisi-ratifies-egypts-new-social-security-and-pensions-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/","title":{"rendered":"El Sisi ratifies Egypt\u2019s new Social Security and Pensions Act"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>LEGISLATION WATCH- El Sisi ratifies Social Security and Pensions Act:<\/b> President Abdel Fattah El Sisi has ratified the new Social Security and Pensions Act, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/344291\/Egypt\/Politics-\/Egypts-Sisi-ratifies-social-security,-pension-law.aspx\">Ahram Online reported<\/a>. The new law, <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/16\/egypts-parliament-passes-amended-ngos-act-social-security-and-pensions-act-in-final-rush-before-summer\/\">which was passed by parliament last month<\/a>, will see 21% of public and private sector workers\u2019 salaries going towards a newly-established pension fund. The percentage taken out of employee salaries will increase 1% every seven years until it hits 26%. The law will also require the fund to provide quarterly and annual financial reports to the presidency, cabinet, and parliament for transparency purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- El Sisi ratifies Social Security and Pensions Act: President Abdel Fattah El Sisi has ratified the new Social Security and Pensions Act, Ahram Online reported. The new law, which was passed by parliament last month, will see 21% of public and private sector workers\u2019 salaries going towards a newly-established pension fund. The percentage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[96,72,180,4777,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596304","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-abdel-fattah-el-sisi","tag-enterpriseam","tag-legislation","tag-social-security-and-pensions-act","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"005c27b3-6b4f-4d11-a5c2-3310334c5c00","is_powered_by":true,"section_story_id":"1ca4423f-384d-475b-95d9-a56c0abf8124","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596294],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>El Sisi ratifies Egypt\u2019s new Social Security and Pensions Act - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Sisi ratifies Egypt\u2019s new Social Security and Pensions Act\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- El Sisi ratifies Social Security and Pensions Act: President Abdel Fattah El Sisi has ratified the new Social Security and Pensions Act, Ahram Online reported. The new law, which was passed by parliament last month, will see 21% of public and private sector workers\u2019 salaries going towards a newly-established pension fund. The percentage [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-25T04:00:07+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Sisi ratifies Egypt\u2019s new Social Security and Pensions Act\",\"datePublished\":\"2019-08-25T04:00:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Abdel Fattah El Sisi\",\"EnterpriseAM\",\"legislation\",\"Social Security and Pensions Act\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-ratifies-egypts-new-social-security-and-pensions-act\/\",\"name\":\"El Sisi ratifies Egypt\u2019s new Social Security and Pensions Act - 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