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Wednesday, 24 July 2019

Pensioners Union lobbying El Sisi to reject Pensions Act

LEGISLATION WATCH- Pensioners Union lobbying El Sisi to reject Pensions Act: The Pensioners Union has agreed to send an official memo to President Abdel Fattah El Sisi urging him against ratifying the Social Insurance and Pensions Act, which the union claims include unconstitutional articles, a union official told the local press. According to the official, the union will take legal action if the law is ratified. The law, which was approved by the House of Representatives earlier this month, will see 21% of public and private sector workers’ salaries going towards a newly-established pension fund, among other stipulations.

Separately, the Council of State (Maglis El Dawla) has completed its review of the Insurance Act and referred it to the Madbouly Cabinet for approval before it is referred to President Abdel Fattah El Sisi to be ratified, a source from the council told the press.

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