New Pension Increase 2023: Dates, Disbursement Methods, and Benefits for 11 Million Beneficiaries

2023-06-13 05:22:00

The date of the new pension increase for 11 million beneficiariesAll pensioners and their families are looking for it, and many are wondering whether the pensions will be disbursed before the blessed Eid al-Adha holiday.

The National Authority for Social Insurance disburses the July pension at the beginning of the month; As he has not issued any directives yet regarding early or untimely disbursement of July pensions for 2023.

As he waits Pensioners And their families each month the date of pension disbursement, and they await any new decisions about increasing pensions.

So far, no new decision has been issued regarding the increase in pensions for the month of July Social Insurance Law No. 148 of 2019, in Article 35, that the pensions due on June 30 of each year, starting from the first of July, increase by the rate of inflation with a maximum of 15% for the increase, and that the value of the increase in the pension does not exceed the percentage of increase attributed to the maximum monthly subscription wage on the 30th June every year.

On the other hand the process continues Livelihood of Univ city 2023 Today, through Nasser Social Bank and ATM machines, and from all branches of Nasser Social Bank, post offices and all ATMs, while facilitating all procedures to overcome any obstacles facing pensioners and beneficiaries, who number 11 million beneficiaries.

June pension

The National Organization for Social Insurance periodically follows up the disbursement of the pension for the month of June 2023, through automatic teller machines in various banks, Nasser Social Bank and all branches of post offices located in the governorates, or through electronic wallets via mobile phones and Fawry outlets.

Pension increase application

April witnessed the implementation of the pension increase, which 11 million citizens benefited from Pensioners And my family

Methods of disbursement of pensions

  1. pension disbursement Through ATMs of all banks and post offices.
  2. pension disbursement Through Fawry outlets.
  3. Through the use of electronic wallets for pension disbursement.
  4. It is permitted to transfer the pension to electronic wallets for smart phones, and they can be used as follows:
  • Performing payments of government dues, utilities and various agencies.
  • Using the available balance in many services, such as “cash withdrawals and transfers”.
  • Payment of purchases through electronic points of sale, purchases through websites and electronic applications, or by using a QR code

The National Authority for Social Insurance clarified the procedures that the citizen will take in the event of losing the pension card or the password. A number of procedures are taken to re-extract the card again, explaining through its website that 3 procedures must be taken to return the card and amend the party for the payment of the monthly insurance dues from During the following:

  • The payer presents a letter approved and sealed by the bank or the postal authority, including approval to transfer the periodic pension due on the current account, if the payer wishes to pay his insurance dues through the current accounts of the banks or the postal authority.
  • The payer presents a letter approved and sealed by the bank, including approval to transfer the periodic pension to the Meeza card, in case he wishes to pay his dues through Meeza cards.
  • The payer presents a certified and sealed letter from the bank or telecommunications company that issued the e-wallet, as the case may be, including approval of transferring the periodic pension of the person concerned to the e-wallet.

The National Social Insurance Organization also stated that it is necessary for the insured person to obtain an insurance number, as it is considered a main nucleus of the information system, so that a number is assigned to the individual at the center of the social insurance system in a serial manner and a record is created that includes – in addition to the insurance number data – three name data, Mother’s name, province of birth, and birth center.

And the National Social Insurance Organization announced, earlier, the details of the new increase, as the minimum amounted to 170 pounds, and the maximum amounted to 1635 pounds, and the number of beneficiaries from this increase reached about 11 million citizens, at an annual cost of about 55 billion pounds annually.

The value of the pension increase

  • A pension of 1,000 pounds will reach 1,300 pounds in 2023.
  • Pension 2000 pounds, up to 2300 pounds 2023.
  • Pension 3,200 pounds, up to 3,500 pounds in 2023.
  • A pension of 4,000 pounds, up to 4,300 pounds in 2023.
  • Pension 5000 pounds up to 5300 pounds.
  • Pension 6000 pounds up to 6300 pounds.

Advantages of the new insurance and pension law

There are several advantages in the new Insurance and Pensions Law, as the insured are granted pensioners, and conditions have been set for the insured’s early retirement retirement, from which all parties to the insurance relationship benefit, whether the worker, the employer, the pensioner, or the beneficiaries of the pensioners.

How do you get an additional pension?

There are cases where she is allowed to receive an additional pension as defined by the new law.

The new Insurance and Pensions Law specified the cases in which pensioners are entitled to obtain an additional pension, as the new Insurance and Pensions Law stipulates that the insured whose wage exceeds the maximum insurance contribution wage may request an additional pension from the Authority in return for contributing for the part in excess of The maximum insurance contribution wage not exceeding 100% of the maximum contribution wage.

A personal account is established in the Social Insurance Fund in return for obtaining an additional pension for the insured referred to in the previous paragraph.

Monthly contributions are paid on the basis of the wage or contribution income in excess of the maximum insurance contribution wage, provided that it does not exceed 100% of the maximum contribution wage according to the total percentage of contributions due for old-age, disability and death insurance.

Advantages of the insurance and pension law

The Insurance and Pensions Law provides many benefits to pensioners, as it grants an exceptional pension to improve the pensions of victims of public disasters, and exceptionally former workers, to help them face different conditions, whether health or social, and that the beneficiary of the pension must complete the exceptional pension form from the competent insurance office or from another party. Previous work in which he was employed, approved and stamped, and then submitted to the Exceptional Pensions Department, if the pension is granted or improved, and in the event that an exceptional pension request is submitted to improve the pension due to sick conditions, the pensioner will be transferred to the General Authority for Health Insurance, to determine the type of disease and the extent of the patient’s need for Long treatment, and in the event of an exceptional pension request due to social circumstances, a social research is conducted to determine the sources of income, and the specialized committees examine the applications with the documents supporting the application attached to take a decision to grant or improve the exceptional pension, and then present that to the competent higher committee to examine the applications

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