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The Egyptian EconomyCurrent Challenges and Future Prospects$
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Hanaa Kheir-El-Din

Print publication date: 2008

Print ISBN-13: 9789774161544

Published to Cairo Scholarship Online: September 2011

DOI: 10.5743/cairo/9789774161544.001.0001

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Toward a More Efficient and Equitable Pension System in Egypt

Toward a More Efficient and Equitable Pension System in Egypt

Chapter:
(p.201) Chapter 7 Toward a More Efficient and Equitable Pension System in Egypt
Source:
The Egyptian Economy
Author(s):

Hanaa Kheir-El-Din

Publisher:
American University in Cairo Press
DOI:10.5743/cairo/9789774161544.003.0007

The Egyptian government has recently been engaged in developing a new pension system based on a unified law. The new system aims to provide a decent pension for the elderly; achieve social security for individuals with no pension; and encourage participant employees to target their own pension by changing the methods of defining individual pensions, funding accrued pensions, and managing pension funds. This chapter aims to explore the new pension system and its institutional framework, study and analyze the potential impact of its implementation, and offer a set of proposals that would help honor workers' rights. It also aims to protect pensioners and their eligible survivors and achieve the interests of the national economy as a whole in light of relevant international experience.

Keywords:   Egyptian economy, pension system, social security, pension funds, workers' rights

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