Finance: The completion of payment of 120.4 billion pounds to pension funds by the end of MarchVisits : 80

Finance: The completion of payment of 120.4 billion pounds to pension funds by the end of March

Dr. Mohamed Moait, Minister of Finance, confirmed that, in implementation of President Abdel Fattah El-Sisi’s decision and directives, the state’s public treasury bears the cost of disbursing the “five bonuses” to pensioners that amount to 35 billion pounds this year, and its annual cost is estimated at more than 7 billion pounds in the following years. The variable wage pension by adding 80% of the special allowances that are not included in the basic wage of the pensioners who have ended their service from 1/7/2006 to 6/30/2016.