Egypt Labour Market Profile 2014
Egypt Labour Market Profile 2014
This Labour Market Profile is a yearly updated report that provides a broad overview of the labour market's situation and development. The report is based on the latest data available and following trends. Each section has also accesses to the sources' links that can be used to go more in-depth on selected themes. This is a revised versio
من النص
Pensionable (60+) age receiving an old age pension
Old age effective coverage as proportion of programs
For the pension’s scheme, the employee contributes 10% of salary and the employer 15%. The sickness and maternity scheme is 1% of salary from the employee and 4% from the employer. Unemployment is 2% paid by the employer. Regarding the old age pension effective coverage is 33% of elderly, but it is mainly reaching males (62%) than women (8%). In August 2013, a presidential decree announced increase in pensions.
It has been registered that the government provided services, such as free health care, to all citizens, including those in the informal sector, but the quality of services is often poor. Other services, such as social insurance, were available only to employees in the formal sector.65 No contributing to social security of workers who do not contribute to social security is estimated as 43% in urban areas while it is 70% in rural areas.
