Mahlab plans to solve pensioners’ problems within month
Prime Minister Ibrahim Mahlab - YOUM7 (Archive)

CAIRO: Secretary general of the Public Syndicate for Pensioners Said Al-Sabbagh  presented Saturday a number of proposals to Prime Minister Ibrahim Mahlab to ensure pensioners’ rights and to improve their financial status. 

Minister of Social Solidarity Ghada Waly, Former head of the Egyptian Union for Pensioners El-Badry Farghaly and a number of pensioners attended the meeting.

The meeting came upon request from the Prime Minister in anticipation of the pensioners’ protests scheduled Sunday in Cairo and number of governorates to demand the implementation of minimum pension rates, cashing their financial dues and revoking unfair regulations, Farghaly told VetoGate.

Further, the submitted proposals also include settling pensions to be 100 percent instead of 80 percent of average income, and introducing a cumulative interest rate of 5 percent per annum, Sabbagh told Youm7.

Additionally, Farghaly announced Saturday, during an interview on Al-Hayah Al-Youm, that the pensioners’ financial dues edged up to 600 billion EGP, including interests.

Farghaly demanded the reshuffling of legislations to ensure the pensioners’ rights and to purge the financial institutions that have pensioners’ financial assets. He added that the Prime Minister promised to resolve the suspended crisis within the month.

Meanwhile, Minister of Social Solidarity Ghada Waly said Saturday that she asked Minister of Investment Mounir Fakhry Abdel Nour to prioritize the pensioners’ dues, and to coordinate with the Ministry of Finance to calculate the pensioners’ interests; Waly told Al-Hayah Al-Youm.

Waly affirmed the necessity of calculating fair interests for the pensioners’ deposited funds at the NIB, pointing out that the pensioners’ properties have been seized by the NIB, the Ministry of Finance and a number of financial funds.

Additional reporting by Abdel Wahab Al-Gendy and Khaled Diab.

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