Major General Jamal Awad, chairman of the National Authority for Social Insurance, stated that as of the first of January 2022, the minimum insurance contribution fee has been raised to EGP 1400 instead of EGP 1200, and the maximum insurance contribution fee has been raised to EGP 9400 instead of EGP 8100.
Awad pointed out that the decision to raise the minimum and maximum limits of the insurance contribution fee comes in accordance with the provisions of the new insurance and Pensions Law issued by Law No. 148 of 2019, which included an annual mechanism to increase these limits for the first time in the history of the authority, in the framework of implementing the axes of reforming the social insurance system in order to improve the value of the insured's pensions upon termination of their service and pension entitlement.
The chairman of the authority explained that one of the direct effects of the application of that decision is that the minimum amount of the terminated pension as of January 2022 will be EGP 910, while the maximum pension will be EGP 7520.
Awad added that there is no conflict between the minimum insurance contribution wage and the decision of the National Wages Council to set the minimum wage in the private sector at EGP 2,400, as the minimum insurance contribution wage determines the value of insurance contributions for many categories of irregular workers, such as construction and construction workers, quarries, navigators, municipal bakery workers, fishermen and other categories that are difficult to identify an employer as well as determine their monthly income, and then the Law decided their participation in the social insurance umbrella based on the minimum insurance contribution wage.
https://nosi.gov.eg/ar/News/Pages/4-1-2022.aspx#:~:text=%D8%B5%D8%B1%D8%AD%20%D8%A7%D9%84%D9%84%D9%88%D8%A7%D8%A1%20%2F%20%D8%AC%D9%85%D8%A7%D9%84%20%D8%B9%D9%88%D8%B6%20%D8%B1%D8%A6%D9%8A%D8%B3,%D8%AC%D9%86%D9%8A%D9%87%20%D8%A8%D8%AF%D9%84%D8%A7%D9%8B%20%D9%85%D9%86%208100%20%D8%AC%D9%86%D9%8A%D9%87.