{"id":623065,"date":"2018-10-21T04:11:13","date_gmt":"2018-10-21T04:11:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/"},"modified":"2018-10-21T04:11:13","modified_gmt":"2018-10-21T04:11:13","slug":"social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/","title":{"rendered":"Social Solidarity Ministry to present new Social Security and Pensions Act to cabinet soon, as FinMin drafts law to give financial inspectors powers of arrest"},"content":{"rendered":"<p><strong>LEGISLATION WATCH- The Social Solidarity Ministry is expecting to present a draft of the new Social Security and Pensions Act to the Madbouly Cabinet<\/strong> as soon as ministry officials complete their final review of the bill, Deputy Minister <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=20102018&id=147f5ada-183d-432a-a036-0d4c6457a6f5\">Nevine El Qabbag told Al Shorouk<\/a>. Under the new law, pensions (which are governed by their own law) would fall under the larger umbrella of cash subsidy programs, according to El Qabbag.<\/p>\n<p><strong>The law would also introduce two new cash subsidy programs, Igatha and Forsa <\/strong>(alongside the existing Takaful and Karama programs) in addition to amending the overall framework governing social welfare and pensions programs, according to El Qabbag. <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/\">We had heard<\/a> that the law would also guarantee the right to unemployment benefits and establish a new pension fund and is set to be presented to the House of Representatives during the current legislative term. Social Solidarity Minister Ghada Wali <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/05\/draft-social-welfare-act-with-finance-ministry-for-review\/\">had said in June<\/a> that the new law was with the Finance Ministry for review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- The Social Solidarity Ministry is expecting to present a draft of the new Social Security and Pensions Act to the Madbouly Cabinet as soon as ministry officials complete their final review of the bill, Deputy Minister Nevine El Qabbag told Al Shorouk. Under the new law, pensions (which are governed by their own [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623065","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"de66f9e4-907d-426a-b2cd-2f507444254f","order":"0","is_powered_by":true,"section_story_id":"5c24a600-6e72-47d4-b5ae-7ca4d235cf28","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623052],"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>Social Solidarity Ministry to present new Social Security and Pensions Act to cabinet soon, as FinMin drafts law to give financial inspectors powers of arrest - 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\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social Solidarity Ministry to present new Social Security and Pensions Act to cabinet soon, as FinMin drafts law to give financial inspectors powers of arrest\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The Social Solidarity Ministry is expecting to present a draft of the new Social Security and Pensions Act to the Madbouly Cabinet as soon as ministry officials complete their final review of the bill, Deputy Minister Nevine El Qabbag told Al Shorouk. Under the new law, pensions (which are governed by their own [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-21T04:11:13+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Social Solidarity Ministry to present new Social Security and Pensions Act to cabinet soon, as FinMin drafts law to give financial inspectors powers of arrest\",\"datePublished\":\"2018-10-21T04:11:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/\"},\"wordCount\":188,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/social-solidarity-ministry-to-present-new-social-security-and-pensions-act-to-cabinet-soon-as-finmin-drafts-law-to-give-financial-inspectors-powers-of-arrest\/\",\"name\":\"Social Solidarity Ministry to present new Social Security and Pensions Act to cabinet soon, as FinMin drafts law to give financial inspectors powers of arrest - 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The ministry is planning to present the final draft to\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":590655,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/egypt-to-add-170k-beneficiaries-to-takaful-karama-safety-nets-soon\/","url_meta":{"origin":623065,"position":1},"title":"Egypt to add 170k beneficiaries to Takaful, Karama safety nets soon","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"The government expects to add 170k Takaful and Karama beneficiaries in the coming period, Nivine Kabbag said at her first press conference as social solidarity minister, according to Masrawy. This will bring the number of beneficiaries of the cash subsidy programs to 3.4 mn families, or approximately 14 mn individuals.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599704,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/what-were-tracking-this-week-and-beyond-4\/","url_meta":{"origin":623065,"position":2},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"8 January 2019","format":false,"excerpt":"LEGISLATION WATCH- The Social Solidarity Ministry will present a draft of the new Social Welfare Act to the House of Representatives \u201cwithin days,\u201d Minister Ghada Wali said on Sunday, according to Al Mal. The bill, if passed, would require the government to provide families eliminated from the Takaful or Karama\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572310,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/21\/govt-could-manage-takaful-karama-pension-via-dedicated-investment-fund\/","url_meta":{"origin":623065,"position":3},"title":"Gov't could manage takaful, karama pension via dedicated investment fund","author":"enterpriseam admin","date":"21 June 2020","format":false,"excerpt":"Gov't could manage takaful, karama pension assets via dedicated investment fund: Prime Minister Moustafa Madbouly discussed a proposal by the Social Solidarity Ministry to turn the takaful and karama pensions into a fund and invest pensioners\u2019 savings, according to a cabinet statement. The proposal also includes granting beneficiaries cash allocations\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":631446,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/19\/govt-expects-to-pass-social-welfare-act-by-junes-end-says-social-solidarity-minister\/","url_meta":{"origin":623065,"position":4},"title":"Gov\u2019t expects to pass Social Welfare Act by June\u2019s end, says Social Solidarity Minister","author":"enterpriseam admin","date":"19 March 2018","format":false,"excerpt":"LEGISLATION WATCH- The government is planning to pass the Social Welfare Act by the end of June and bring it into effect as of FY2018-19, Social Solidarity Minister Ghada Wali tells Al Borsa. The law would amend the social welfare and pensions systems, guarantee the right to unemployment benefits, and\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598190,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/egypts-draft-social-security-and-pensions-act-to-reach-parliament-by-june\/","url_meta":{"origin":623065,"position":5},"title":"Egypt\u2019s draft Social Security and Pensions Act to reach parliament by June","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"The Social Solidarity Ministry will send the Social Security and Pensions Act to the House of Representatives for review and approval at the beginning of June, an unidentified source tells Al Mal. 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