Friday 23 October 2020
The Media Center of the Council of Ministers confirmed that what was circulated regarding the government raising the pension age for workers in the state’s administrative apparatus to 65 years during the current fiscal year is incorrect.
The Media Center of the Council of Ministers said that it contacted the Ministry of Social Solidarity, which denied the news, confirming that it is not correct to raise the pension age for workers in the state’s administrative apparatus to 65 years during the current fiscal year, explaining that the legal age for exiting the pension is 60 years, according to the law The new social insurance and pensions, provided that the pension age will be unified to 65 years, as of July 2040, for workers in the state’s administrative apparatus and workers abroad, with the aim of equality with employers and irregular workers, and the unification of insurance benefits for all.
In the same context, the new law developed a plan to gradually raise the pension age to address the fiscal deficit in the pension system and reduce the burden on the public treasury, so that its actual implementation will begin in 2032 by raising the pension age to 61 years, 62 years in July 2034, and 63 years in July 2036, And 64 in July 2038, up to 65 in July 2040.
The law also reduced the rates of social insurance contributions, to encourage employers to insure employees, while preserving the benefits found in previous social insurance laws. The law stipulated 15 years for an insurance contribution for pension entitlement instead of 10, and 25 years for the “early”.
We call on all media outlets and social media users to be accurate and objective in publishing news, and to communicate with the concerned authorities to make sure before publishing information that is not based on any facts and leads to confusion among citizens.