Egypt to push forward May pensions ahead of holidays

Mohamed Hatem, Wednesday 13 Apr 2022

Pensions for public sector workers for May will be disbursed on 22 April, pushed up from early May, head of Egypt’s National Authority for Social Insurance Gamal Awad said on Wednesday.

ATM
File Photo: Egyptians line up infront of an ATM machine in Cairo, Egypt (Photo: AP)

This, Awad says, comes upon directives from President Abdel-Fattah El-Sisi so pensioners can be paid ahead of the holidays of Eid El-Fitr and Easter.

While Eid El-Fitr, which lasts for three days, is a religious holiday celebrated by Muslims worldwide to mark the end of the fasting month of Ramadan, Coptic Easter – which falls this year on 25 April – marks the end of the 55-day fast and comes three days after Good Friday, when the crucifixion of Jesus Christ is commemorated.

Awad added that the monthly pensions, which total EGP 24 billion and are disbursed to 10.7 million citizens, will be accessible through ATM machines, electronic wallets and post offices nationwide.

President El-Sisi issued directives last month to increase pension payments ​​by 13 percent, provided that the increase will be allocated to pensions scheduled for April, three months before the date of the annual increase, Awad explained in the statement.

The annual cost of this increase is EGP 38.4 billion, the statement said.

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