⛔️القرار الصادم📣تثبيت نهائي دائم ع الـ50

0:00 Difficult living conditions, rising inflation rates, and a decline in the value of pensions have resulted in 80% of pensioners being below the poverty line. This is an accurate number, which is why they are demanding that the minimum pension be the same as the 7,000 wages, considering that we have entered the month of July in the new budget. These demands are necessary because no one can live on less than 3,000 pounds now. No one can live on 2,500 pounds now. Who can live with a number that is actually below the international poverty line, $2.15 a day? Who in the world can live with this number? It is difficult, very difficult. It is not enough that 11 million and 500,000

0:49 citizens are on pensions, and we are talking about 80% of them being below this line or below the 3,000 level, and they are demanding 7,000. No, we also have a decision from the Council of Ministers to extend the period for paying pension debt installments until the year 2075. The crisis began in In the eighties, instead of investing people’s money in the stock market or in profitable companies, it was taken and spent. They will pay it back until 2075. Someone who is 60 years old today, how much will he have? Someone who is on retirement today, how much will

1:48 he have? Peace be upon you. Welcome to all of you. I would like to enter through this door in a return to recording videos about the economy again after a hiatus of maybe a month. 11.5 million pensioners or retirees in Egypt suffer from the quadruple that we mentioned: difficult living conditions, rising inflation rates, high prices with no noteworthy protection, not met with increases, a decline in the value of retirement pensions between 1,500 and 3,000 pounds. These amounts are much less than the minimum wage of 7,000. By the way, 7,000 pounds means about 140 dollars, but an official in the Manpower Committee in the House of Representatives says that 80% of pensioners receive less money than 3000 per month, actually, and in front of any social force in the world, the man on our pension is less than or below the international poverty line, which is $2.15, which is supposed to be 328 pounds according to the new price, meaning he is getting about $64 per month according to today’s exchange rate, 50 and a quarter,

2:34 right? Ok, let's go down with him a little more on the subject. In total, what does the package number that is placed in the news ticker on government TV channels tell you? We spend 38 billion pounds monthly, meaning 3,300 pounds for each beneficiary. Why don't you take them and show me how you will live? 3. No, I'm bringing you cases. Just a second. The minimum for civil pensions is 1,495. 95 pounds, yes, and the maximum is 11,600 pounds. This all depends on the job grade and the insurance period. Is there someone who takes 1,495? By God, there is. Listen, the overwhelming majority of pensioners are

3:21 complaining about the increasing pressures. Why? Because there were floats, so the value of the pound declined. But they are not greedy, nor do they suddenly want money. No, the value of money was ruined by the floatation on March 22nd, and you are coming. Workers from 15 pounds to 70 cents. The dollar reached 50, it decreased, or there was a sharp decline in purchasing power. The purchasing power of 3,000 pounds became approximately equal to 700, 800 pounds, so they need to be compensated. This is what you return to 3000, but in terms of value, not in terms of the number of papers. Okay, continue. Also, the government pressures to raise the prices of basic goods and basic services, fuel, electricity, and gas, this weakens the

4:09 power more. I mean, if you stop the floats with the March 24 float, you will continue with electricity twice or three times, gas twice or three times, transportation twice or three times, and we are working. All of this is also white in their purchasing power. 3000. If you increase the electricity four times, what is spent on it from the same 3000? Let's take a model. Let's take a model. Mrs. Tahal Salama is 62 years old. She is currently retired and on pension after 40 years of service in the Ministry of Education. Her pension is 2600 pounds, meaning exactly 2500 and some changes, but we will say 2600 pounds. She lives in the Faisal neighborhood in Giza. The rent for the apartment is 4250 pounds, so her salary is

4:55 2600 and she pays rent of 4250 after the apartment rent doubled in the past two years. Do you know why or not? I know because of the large increase in rents for refugees, the increasing numbers of refugees, expatriates or your guests from neighboring countries, Sudan, Yemen, Libya, Syria in particular. Faisal, Mrs. Date is sitting in peace and found herself with rent doubling in the past two years. Where will she get it from? It has doubled for her up to her pension. No, she is suffering from you in terms of flotation and also raising the prices of basic goods and basic services. It also brings her people who raise the price of apartments. Come on, do the math. Just see how much she spends. This is 2600 as a salary and how

5:42 much does she live with? 4250. Go on, Mrs. Ebtihal. And then she lives alone in the house. Her husband died five years ago and her only son works in Saudi Arabia. Food and drink cost her 6000 pounds a month and 1000 pounds for electricity, gas and water bills. And then she brings medicine for chronic diseases she has diabetes, high blood pressure and osteoporosis. She brings medicine for 1800 pounds. Her basic expenses are around 13,000 pounds a month, without any medical emergencies, property maintenance or anything at all. She lives alone with 13,000 pounds. Where does she get the money from? Her husband’s pension is 4170 pounds. Her husband’s pension is 4170 pounds, and the 2600 that come to her are

6:27 600 riyals. Her son sends them to her from Saudi Arabia, meaning around 8000 pounds. If it weren’t for this calculation, her husband’s pension would be on the money her son sends her. Of course, there is no Egyptian family that has someone who sends them 8000 pounds every month, and she has a pension of 4170 pounds so she can live. This is a woman living alone. What would she do in the past? Okay, okay. We will discuss this situation now. We went to Hajj Gamal Abdel Rady. He has 69 years means a full lifespan for the minister who says ask about his salary so we know where your salary was at the time. Now we will ask them where it came from. Uncle Gamal Abdel Ray works as a building guard or a medical center guard in Matariya. His monthly income from

7:12 his pension in his main job, from what did he get it from nine years ago? His work in security does not bring in 9,000 pounds. He barely spends on his wife and his divorced daughter. He has two sons whose father does not want to spend on them, who are his two grandchildren. A relative increase in everything. So tell us, Uncle Abdel Rady, how do you live? He told you that he has to spend extra every month from work and from acquaintances to cover the living expenses because the two grandchildren, in particular, are in school, and you know the stories of young children. So he is demanding that his daughter, the mother of the two children, works in one of the hospitals for less than the minimum, which is the additional work per hour. The minimum wage itself should

7:58 be 7,000, like the minimum wage, considering that we entered into it to confront the rising costs of living, the rise in food, medicine, rent, bills, and transportation. He says this, and we report him. The official data in front of me says that the prices of medicines for chronic diseases have risen between 25 and 40% this year, but 50% in the case of vitamins and nutritional supplements. Fuel prices have increased four times in 13 months, the last of which was April 11 of last year. The other percentage of increase is only 15. Multiply it by four, and this is in addition to the increase in transportation expenses as well. And then all of these Pressures have created an annual increase in civilian pensions of 15% as of now. We have started in July,

8:45 but there is no minimum and maximum. You will find that he takes 15%, but he is still under the limit. What is this? Well, this is not a method. It is not a method. Unlike the situation of the military, we have a limit and a maximum. He put civilians like the military. So here, there is legislative discrimination in pensions. We want to abolish this discrimination. We abolish this discrimination. The Egyptian constitution, in Article 53, says that all citizens are equal before the law in rights, freedoms, and public duties. There is no discrimination between them on the basis of religion, belief, gender, origin, social status, or any other reason. There should not be a wide gap in the protection systems between civilian retirees and their military counterparts. The solution to the problem, His Excellency the Pasha, is a problem that needs to be united so that we can have

9:30 mercy on the 11 million and 500 and 500,000. While you are making this story, be aware that Egypt is a council The ministers extended the period of payment of pension installments until the year 2075. This means that you are among those who have a lot of fun. If the pension money was actually invested, they would have been living on the top. Now, the owners of petrochemical companies and others are receiving instead of three or four, 3,000 and 400 pounds. With the floats, their assets will increase in value, and the Sadr boy and others. Look, the Council of Ministers approved a draft law amending some provisions of the Pensions and Social Insurance Law No. 148 of 1979, stipulating an increase in the annual installment paid by the Ministry of Finance to the National Social Insurance Authority from 227 billion to 238

10:19 billion, effective from 17. That’s it, okay, 17, we have entered into force with the increase. Okay, and an increase in the average increase in the installment from 6 to 7%. Okay, and extending the installment payment period to 50 years. Oh my goodness, a year. 2075 Well, why did he tell you to guarantee the rules and reinforce them? Will there be one of you present? Will there be one of us? Only God knows. How much should I do, man? Write how much. Write how much, lady. In the comments, a crisis that dates back to the year 80. 25 years have come. 25 years later, you say 50 years later. What is this? What is this long patience? Of course, you remember the story. I will tell it to you in two minutes so that the

11:06 video does not take long. Forgive us for the length. I mean, forgive me, I am sorry. The subject itself is difficult. We are trying to find any way to spend it because these are our ancestors, whose presence with us we are supposed to respect. They are now transformed from people who spent their lives serving us to people who are a blessing. We are supposed to respect them and appreciate their presence financially. At least they do not need anything. We owe them a right. You owe us a right. The crisis dates back to the establishment of the National Investment Bank in the year 80. Invest in the money of the insurance funds. All the money and its interest became the property of the Ministry. Finance in 2005 A decision was issued to merge the Ministry of Social Insurance with the Ministry of Finance, so it remained in control of all the money. A unified bank account for operations related to the Social Insurance Fund. They borrowed money from the sector, the general budget, and the

11:54 National Investment Bank, starting in July 2006. They went and took money as loans and established the Production City and some other things. If they had invested in funds at that time, invested in gold, invested in petrochemical companies, fertilizers, cement, and other important sectors, then today’s pensioners are among the richest people. They don’t need anything, they don’t need anything at all. [Music] The pensioners’ crisis worsened when the Social Insurance Authority began calculating the pensions of those referred to retirement without adding the 80% of the bonuses that the insured received in the last five years before reaching retirement age to the variable wage, and this is a topic we will talk about in the broadcast. Live tonight, stay tuned. Write if you will be with us today in the broadcast or should we change the topic

12:39 of pensions? Write in the comments so we can build on it. Accept my regards, Mohamed Mohi El- Din. Description of the video in the WhatsApp and Telegram link and like the video. I really need your encouragement so I can continue making videos about the Egyptian economy. Believe me, I am not inclined towards this at all, and I am trying, by God, as much as possible to get you involved. I will return to it again until I get used to it again, and I will step into it with a strong heart and balance between it and international politics or foreign relations. It is an area in which there are many hopes, instead of the darkness that we are entering, which makes us sleep. Thank you. Peace and mercy be upon you.