The Social Security Authority is examining the possibility of extending the early retirement coverage from 20 years to 25 years.
“The current system is wrong and needs to be changed,” said Minister of Social Solidarity Ahmed al-Borai, explaining that the new system allows early pensioners to buy years if they do not reach the said number of years.
He added that the authority has LE2.5 billion in due funds, and that the state treasury is allocating all necessary amounts for pensions.
Edited translation from Al-Masry Al-Youm
