Egypt Raises Treasury Payments to Pension Authority Under 50-Year Settlement Plan
Egypt's President El-Sisi ratified amendments to increase annual treasury payments to the National Organization for Social Insurance (NOSI) under a 50-year settlement plan.Summary
President Abdel Fattah El-Sisi has ratified amendments to Egypt's Social Insurance and Pensions Law, raising the annual payment made by the state treasury to the National Organization for Social Insurance (NOSI). The amendments, issued as Law No. 11 of 2026, modify Article 111 of the 2019 law and increase the treasury's annual installment to EGP 238.55 billion in fiscal year 2025/26, up from an estimated EGP 227.08 billion. Beginning on 1 July 2026, the installment will rise at a compound annual rate of 6.4%, increasing to 7% by July 2029, with an additional fixed EGP 1 billion added annually for five years. The repayment mechanism will remain in place for 50 years to address historical obligations. Government officials argue this provides NOSI with more predictable and sustainable funding, while opposition lawmakers expressed concerns about the focus on financial relationships rather than pension adequacy. The reform aligns with Egypt's broader economic adjustment programme and efforts to strengthen fiscal credibility.
(Source：The Middle East Observer)