{"id":612123,"date":"2023-12-18T00:00:00","date_gmt":"2023-12-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/18\/pension-hikes-for-the-new-year\/"},"modified":"2023-12-18T00:00:00","modified_gmt":"2023-12-18T00:00:00","slug":"pension-hikes-for-the-new-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/18\/pension-hikes-for-the-new-year\/","title":{"rendered":"Pension hikes for the new year"},"content":{"rendered":"

New year, higher pension payouts: <\/strong>The base wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP 2k and a maximum of 12.6k EGP as of 1 January 2024, according to a statement from the National Social Ins. Authority<\/a>. The hike comes in line with a plan laid out in the 2019 Pension Act to gradually increase national pensions by an average of 15% every year until 2027. <\/p>\n

New pensioners will also get a raise: <\/strong>The government will increase the minimum pension payout for civil servants who will go into retirement starting next year to EGP 1.3k from the current EGP 1.1k. It is also raising the pension ceiling by 16% to EGP 10.1k.<\/p>\n

SOUND SMART- <\/strong>According to the Pension Act, private sector employees pay 11% of their subscription wage as a national ins. contribution, while the employer pays an additional 18.75% for each employee.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government will increase minimum pension payouts<\/p>\n","protected":false},"author":1,"featured_media":612124,"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":[7206],"tags":[104,72,190],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-social-welfare","wpautop","entry"],"acf":{"mongo_id":"2c863a67-b53c-44c8-b526-ec87e93fc0eb","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/1164.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Pension hikes for the new year","related_issue":[612110],"teaser":"The government will increase minimum pension payouts","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.0e48bdcb-d952-4f5b-b71f-04239ffe32ba.mp3"},"yoast_head":"\nPension hikes for the new year - 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\/2023\/12\/18\/pension-hikes-for-the-new-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pension hikes for the new year\" \/>\n<meta property=\"og:description\" content=\"The government will increase minimum pension payouts\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/18\/pension-hikes-for-the-new-year\/\" \/>\n<meta property=\"og:site_name\" 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EGP 7k","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2649.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582238,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/05\/el-sisi-announces-egp-150-bn-program-of-wage-hikes-pension-increases-amid-soaring-inflation\/","url_meta":{"origin":612123,"position":1},"title":"El Sisi announces EGP 150 bn program of wage hikes, pension increases amid soaring inflation","author":"enterpriseam admin","date":"5 March 2023","format":false,"excerpt":"The measures include wage increases and a higher minimum wage for civil servants","rel":"","context":"In 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"Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/661.JPG?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592142,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/29\/breaking-down-how-egypts-newly-established-pension-fund-will-work\/","url_meta":{"origin":612123,"position":3},"title":"Breaking down how Egypt\u2019s newly-established pension fund will work","author":"enterpriseam admin","date":"29 December 2019","format":false,"excerpt":"LEGISLATION WATCH- Breaking down how the newly-established pension fund will work: The body that administers the state pension fund issued a circular on Thursday detailing how the pension fund established under the Social Security and Pensions Act will operate, Masrawy reports. The circular outlines the criteria for employees covered by\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":676492,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/national-organization-for-social-ins-raises-minimum-insurable-wage-to-egp-2-7k\/","url_meta":{"origin":612123,"position":4},"title":"National Organization for Social Ins. raises minimum insurable wage to EGP 2.7k","author":"enterpriseam admin","date":"1 December 2025","format":false,"excerpt":"The move is effective starting 1 January","rel":"","context":"In "LABOR"","block_context":{"text":"LABOR","link":"https:\/\/enterpriseam.com\/egypt\/category\/labor\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/111.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577616,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/","url_meta":{"origin":612123,"position":5},"title":"Social ins contributions and payouts to rise in the new year","author":"enterpriseam admin","date":"29 November 2022","format":false,"excerpt":"Among the other stories we\u2019re paying attention to this morning:ECONOMY-Employees will pay more towards social ins. starting in January: The subscription wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP 1.7k and a maximum of EGP 10.9k as\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/477.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=612123"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612123\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/612110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/612124"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=612123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=612123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=612123"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=612123"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=612123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}