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Sunday, 14 April 2019

Egypt’s Council of State reviews draft law to increase pensions

LEGISLATION WATCH- Council of State reviews draft law to increase pensions: The Council of State (Maglis El Dawla) has completed its review of a draft to increase monthly pension payouts, Youm7 reports. It is unclear whether the pensions-related draft is the same one approved by cabinet in a meeting earlier this month following President Abdel Fattah El Sisi’s recent decisions to increase public sector pensions and wages or part of the in-the-works Pensions Act. The judicial body also reviewed eight other drafts involving licensing the Oil Ministry to sign contracts with the EGPC and foreign oil and gas companies for petroleum exploration in the Western Desert. All drafts were referred back to cabinet to present it to the House of Representatives for a vote.

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