“Finance” announces full details of the salary increase for employees and pensioners

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Raising the minimum wage to 2,400 pounds for the sixth degree, 3,120 pounds for the third, and 4,200 pounds for the first

Calculation of the periodic allowance for civil service addresses, with a minimum of 75 pounds per month, without a maximum, as of next July

Granting non-civil servants a special allowance, with a minimum of 75 pounds per month and no maximum

Increase the monthly additional incentive for those addressed and not addressed to the civil service with cut financial classes

Dr. Mohamed Maait, Minister of Finance, said that, in implementation of presidential directives, efforts to improve wages for workers in the state’s administrative apparatus will continue In a way that contributes to easing the burden on their shoulders, the financial allocations for the wage component in the new draft budget have been increased by 37 billion pounds.

He added that the total cost of the periodic allowance for those addressed by the Civil Service Law, and the special allowance for those not addressed by it, is 7.5 billion pounds, and that the cost of increasing the additional incentive for all of them is 17 billion pounds.

Maait explained that the promotions of employees who meet the conditions of promotion will be funded on June 30, in order to achieve an improvement in their wages by the value of the legally determined promotion bonus at a total cost of one billion pounds, and the allocation of a financial incentive for workers transferred to the Administrative Capital at a cost of 1.5 billion pounds, and an increase in the value of pensions by about 13%. With a total cost of 31 billion pounds.

The minister said that these new financial increases for workers in the state’s administrative apparatus were reflected in raising the minimum wage from 2000 to 2400 pounds for the sixth degree, from 2200 to 2640 pounds for the fifth degree, and from 2400 to 2880 pounds for the fourth degree, and from 2600 to 3120 pounds for the third class, and from 3000 to 3600 pounds for the second class, and from 3500 to 4200 pounds for the first class, 4000 to 4800 pounds for the general manager’s rank, 5 thousand to 6 thousand pounds for the high class, and 7 thousand to 8400 pounds for the excellent class.

He added that the periodical allowance for those addressed by the provisions of the Civil Service Law, due on the first of July 2021, will be calculated at 7% of the job wage with a minimum of 75 pounds per month, without a maximum, and this allowance is part of the employee’s salary, and it is added to it as of July 1, 2021.

In addition, state employees who are not addressed by the provisions of the Civil Service Law will be granted, as of July 1, 2021, a special allowance of 13% of the basic wage or the equivalent in the comprehensive remuneration for each of them on June 30, 2021 or upon appointment for those appointed after this date at a minimum 75 pounds per month, without a maximum, and this bonus is part of the worker’s basic wage, and it will be added to it as of next July.

He explained that the monthly special allowance applies to workers in the state’s administrative apparatus, permanent and temporary local administration units and public bodies with a comprehensive remuneration and those with public positions and fixed connections inside Egypt, without those addressed by the provisions of the Civil Service Law, and state workers whose employment affairs are regulated by special laws or regulations.

The minister indicated that, as of July 1, 2021, the monthly additional incentive will be increased for employees addressed by the provisions of the Civil Service Law and workers not addressed by it, with financial classes cut at the rate of 175 pounds for occupants of the sixth, fifth and fourth degrees, 225 pounds for third-degree occupants, and 275 pounds for second-degree occupants. And 325 pounds for first-class occupants, 350 pounds for employees of a general manager or senior class, 375 pounds for high class occupants, and 400 pounds for first-class occupants or the equivalent of each, and those appointed after this date benefit from this, and this incentive is part of the complementary wage or wage variable.

The article “Finance” announces full details of the salary increase for employees and pensioners, it was written in the Al-Borsa newspaper.