On the May 25, 2017, the Ministry of Social Solidarity issued decree No. 310 of 2017 (\u201cThe
\nDecree\u201d) amending a number of provisions of the Minister of Finance Decree No. 554 of
\n2007 regarding the Implementation Rules of the Social Insurance Law No. 79 of 1975. <\/p>\n
The Decree has mainly amended the amount of the Social Insurance Salary "SIS<\/abbr>\u201d. The SIS<\/abbr> is Periodical laws and decrees usually issued to update the minimum and maximum value of The Decree set new minimum and maximum value for the basic SIS<\/abbr> as well as a new In all cases, the aggregate monthly SIS<\/abbr> (including both the basic and variable components) The Decree further stipulated that as of 1 July 2016 pension shall not be less than EGP 500 On the May 25, 2017, the Ministry of Social Solidarity issued decree No. 310 of 2017 (\u201cThe
\nthe salary upon which the monthly social insurance contributions are calculated. It consists
\nof basic and variable components. <\/p>\n
\nthe basic and variable components of the SIS<\/abbr>. <\/p>\n
\nmaximum for the variable SIS<\/abbr> as following: <\/p>\n\n
\nannual increase). <\/li>\n
\nannual increase). <\/li>\n
\napproximately EGP 2,430 monthly ((subject to 15% annual increase). <\/li>\n<\/ul>\n
\nshall not be less than EGP 500 as of 1 July 2017 (subject to 25% annual increase for each of
\nthe following 4 years, and 10% for the years thereafter). <\/p>\n
\nper month.<\/p>\n","protected":false},"excerpt":{"rendered":"
\nDecree\u201d) amending a number of provisions of the Minister of Finance Decree No. 554 of
\n2007 regarding the Implementation Rules of the Social Insurance Law No. 79 of 1975.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"yoast_head":"\n