head of egypt’s pensioners union accuses minister of using money in special benefits
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Blaming Government For Embezzling Pension Funds

Head of Egypt’s Pensioners Union accuses minister of using money in special benefits

Arab Today, arab today

Arab Today, arab today Head of Egypt’s Pensioners Union accuses minister of using money in special benefits

Head of Pensioners Union Al Badry Farghaly
Cairo - Seham Ahmed

Head of Pensioners Union Al Badry Farghaly said that Egypt’s Minister of Social Solidairty Ghada Wali repeatedly stressed that the insurance funds reached to 612 billion pounds but it turned out that 450 billion pounds were put into the public treasury, and also about 162 billion pounds, they told us that the debts are not proven.
However, he said, “We know that a large part of these insurance funds were allocated to businessmen, investors and companies without interest.” He added that she paid 20 billion EGP to fund the treasury at a rate of 9%, which is less than the bank benefits, and that the minister also issues decisions to provide permanent incentives to its supporters.
He added that Dr. Ghada Wali, the Minister of Social Solidarity, has worked to harass pensioners and prevent them from obtaining their constitutional rights, and refused to set a minimum pension and to increase the pension for the poor people.
He stressed, “No one would steal pension money because it is not a portfolio, while the money of the insurance has been wasted and exploited in special benefits. We call for a criminal investigation against anyone who has tampered with pension funds.
We also demand the benefits of this money because we know very well that pension funds do not exist.” He added that Article 17 of Egypt’s Constitution guarantees that the pension funds are private funds stressing that their investment must be in safe projects and their benefits must be returned to the pensioners.
Farghali said that all previous governments turned to embezzle the pension funds, saying that even the current government has robbed pensioners' money and misled citizens. Farghali added, "Instead of extending a helping hand to aged pensioners before the holy month of Ramadan, when the expenses of the [average] Egyptian family spike, funds allocated for these pensioners are going to film producers.
This shows that social welfare funds are not truly protected and secure." He explained that Wali has harmed millions of pensioners, elevated the level of congestion in the street and does not understand the political situation in the country. This only serves to turn the poor against state institutions.
Farghali called on the General Assembly of the Union to convene an emergency meeting before Ramadan in order to defend themselves and take steps to organize strikes, demonstrations and protest vigils. In his view, the minister has shown herself to be unresponsive, and there is no one to hold her to account. "Since the people are the source of authority, they must rise up to confront her.

 

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*

head of egypt’s pensioners union accuses minister of using money in special benefits head of egypt’s pensioners union accuses minister of using money in special benefits

 



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*

head of egypt’s pensioners union accuses minister of using money in special benefits head of egypt’s pensioners union accuses minister of using money in special benefits

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks

GMT 11:06 2017 Wednesday ,27 December

Bahrain tourism projects valued at over $ 13 billion

GMT 20:35 2011 Tuesday ,10 May

New exhibition of Islamic ornaments

GMT 19:52 2016 Friday ,19 August

Nice joins wave of French towns banning burkinis

GMT 03:46 2017 Wednesday ,06 September

US-backed Syrian forces seize Raqqa mosque

GMT 22:22 2017 Friday ,15 December

BDF Military Museum open on National Day

GMT 09:47 2015 Wednesday ,02 December

Ryanair launches court action against Google, eDreams

GMT 10:46 2017 Wednesday ,22 March

Japan's February trade surplus hits multi-year high
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday