Arab Today, arab today social insurance funds protected under consitution
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Minister Ghada Wali:

Social insurance funds protected under consitution

Arab Today, arab today

Arab Today, arab today Social insurance funds protected under consitution

Minister Ghada Wali
Cairo - Arab Today

Social insurance funds are protected under the constitution, the minister of social solidarity has assured.

Insurance money and pensions are considered public funds that should be protected by the state, Ghada Wali said Wednesday.

Estimated to reach 579 billion pounds, the social insurance funds and pensions are safely invested inside Egypt, Wali said.

She put the number of people covered by social insurance until June 30, 2014 at 17 million.

The number of pensioners stands at 8.6 million, Wali added.

The minister's remarks came in light of a probe conducted by the Administrative Prosecution Authority (APA) into corruption charges against the National Social Insurance Authority (NSIA).

On Tuesday, the APA referred former prime minister Ahmed Nazif and former finance minister Youssef Boutros Ghali to the public prosecution on charges of tampering with 455 billion pounds worth of social insurance funds in 2009

Wali said the case is still being investigated by the prosecution, who will sure announce their findings to the public.

A committee has been formed to follow up investments of the two social insurance funds, she said.

The committee is tasked with revising investments of the funds that brought in some two billion pounds in revenues, Wali added.

It will also outline a medium-term strategy to invest social insurance money, the minister further said.

The committee is currently studying similar experiments in a number of countries to set up a perfect system to invest and manage social insurance funds, Wali noted.
Source: MENA

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today social insurance funds protected under consitution Arab Today, arab today social insurance funds protected under consitution

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today social insurance funds protected under consitution Arab Today, arab today social insurance funds protected under consitution

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday