Arab Finance: Major General Gamal Awad, Chairman of the Board of Directors of the National Social Insurance Authority, announced that the minimum insurance subscription wage has been raised to 2,300 pounds instead of 2,000 pounds, and the maximum insurance subscription wage has been raised to 14,500 pounds instead of 12,600 pounds, as of 1/1/2025. .
Awad explained that this will result in raising the minimum pension for those whose service ends as of January 1, 2025, to become 1,495 pounds instead of 1,300 pounds, and the maximum pension will reach 11,600 pounds instead of 10,080 pounds.
Awad stressed that the decision to raise the minimum and maximum limits for the insurance contribution wage is in accordance with the provisions of the Social Insurance and Pensions Law promulgated by Law No. 148 of 2019, which included an annual mechanism to increase these two limits, and this comes within the framework of implementing the axes of reforming the social insurance system with the aim of improving the values ​​of pensions owed to the insured. Upon the end of their service and entitlement to pension.
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