Egypt's pensions fall short for 10.2 million elderly
Retirees say modest, unevenly distributed benefits do not cover living costs as the older population grows.
Egypt's elderly population has reached 10.2 million people, a rise from 9.8 million a year ago, according to the national statistics agency. These 10.2 million citizens aged 60 and older face modest and uneven social protections, with many retirees finding pensions insufficient for a dignified life. The government has introduced new measures including pensions, a cash program for the poor, a rights law, and health insurance reforms.
Despite government efforts, critics including unions, lawmakers, and researchers argue that pension payments are too low and eligibility criteria are becoming stricter. The minimum pension for new retirees increased to EGP 1,755 (USD 31) in January, and existing pensions saw a 15 percent rise on July 1, costing an estimated EGP 70 billion (USD 1.25 billion) annually. However, these amounts are considered inadequate by many.
The older population in Egypt is projected to constitute roughly 14 percent of the total by 2050. Unions and researchers point out that some promised benefits remain largely on paper. The state's minimum wage for public-sector workers is also a point of contention in discussions about adequate support for the elderly.
Why it matters10.2 million elderly Egyptians are directly affected by insufficient pension amounts and uneven social protection.