National Organization for Social Insurance
Egypt
Africa

Improving pensions during crises

Implementation year
2022

In view of the current economic conditions, which has been witnessed worldwide, highly affecting the economies of developing countries, the resulting to high rates of inflation had a direct negative impact on the economic situation and came as a hard blow to the population of those countries, including Egypt. The crises required a speedy intervention through the Public Treasury and the Social Insurance System in Egypt to address this problem and reduce the burden on pensioners and survivors and to improve living standards

To protect pensioners and survivors and help them to face the effects of inflation and the current economic crisis in light of the reform measures to, the National Organization for Social Insurance (NOSI) in Egypt made three indexations to the pensions during a period of 17 months only, to absorb the increase in cost of living.

Topic:
Governance and administration