Many Egyptian citizens want to know the new retirement age after the new amendment in the pension system announced by the Egyptian government in the previous period, and the decision will be implemented through a specific mechanism approved in the new unified insurance law No. 148 of 2019, and through our site you can learn about the details.
New retirement age In Egypt
The unified insurance law stipulates that all insured workers, whether in the government and private sectors, will benefit from the new pension system, and that the retirement age has been increased to start from 60 to 61 years starting in 2032
The gradient continues to raise the tooth every two years until it is 65 years, and the construction of this is to unify the retirement age in 2040 to be 65 years for any employee in the state sectors.
Improving the end of service bonus And workers’ rights after retirement
After we got acquainted with the new retirement age in Egypt, we explain that the new amendments included raising the value of the end of service bonus, as the employee will be able to obtain half a month of salary for a year of the years of service with raising them in long service cases or exceptional cases
The new amendments also include a law that enhances the rights of employees after retirement, as the law guarantees the worker to obtain a pension and reward when retirement or any other reason in addition to providing legal guarantees such as health insurance and social security so that the employee can live a decent life after retirement.
How to calculate the end of service bonus
The employees who spent the service for a period
The salary of 30 days is calculated for each year after five years, and this decision comes within the framework of strengthening the state to protect the rights of employees working in the country and ensure that they obtain the reward that is an estimate of their services that they provided during their work years.
