Al-Wazir inaugurates glass factory, lays foundation stone for new appliance plant at Elaraby Group    New expansion projects, public-private partnerships to modernize, localise industry: El-Shimy    A blaze that exposed Egypt's fragile digital backbone    Al-Sisi attends high-level African summit to strengthen continental coordination, regional integration    Egypt, Mexico discuss environmental cooperation, combating desertification    Egypt launches anti-drug awareness campaign for drivers    Germany faces recruitment hurdles in push to rearm, eyes conscription    HDB expands national footprint with 'Acacia' branch in New Cairo    Lavrov warns against anti-Russia alliances in Asia during North Korea visit    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    S. Korea's c. bank holds base rate at 2.50%    Egypt's annual core CPI inflation eases to 11.4% in June: CBE    Egypt's EDA, Haleon discuss local market support    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    Egypt, Pakistan boost healthcare ties – Cabinet    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's parliament approves school teachers' financial benefits draft law, at EGP 6.6bn: Finance minister
Published in Ahram Online on 01 - 11 - 2020

Egypt's parliament has approved a draft law on financial benefits that President Abdel-Fattah El-Sisi instructed the government to provide for school teachers and their assistants in 2017, and amid the ongoing Covid-19 crisis, Minister of Finance Mohamed Maait announced Sunday.

The new law is expected to benefit 2.1 million pre-university teachers in general and Azharite schools at a total cost of EGP 6.6 billion starting from January 2021.

Maait added that the new law includes structural reforms related to teacher wages in the public pre-university education sector and the establishment of a fund that will provide social and financial care for teachers and their assistants.

He added that the new benefits will be increased monthly, with an average ranging between EGP 390 for assistant teachers up to EGP 630 for senior teachers, in addition to disbursing a school management bonus.

Under the new law, new bonuses will be disbursed for teachers who supervise midterm and final exams at a total cost of EGP 2.8 billion, according to Maait.

The law also includes an increase in other teacher bonuses by 50 percent (ranging between EGP 75 and EGP 180), applied as of June 2020, benefiting 1.4 million teachers at a total annual cost of EGP 1.2 billion.

For the new fund, Maait said it is expected to provide financial and social care for teachers and their assistants, adding that it will be financed through one-time financial aid extended by the public treasury worth EGP 500 million provided in tranches during FY2020/2021 and the coming FY2021/2022, at EGP 250 million per tranche.

In October, Egypt's cabinet approved the new draft benefits law, which targets improving the salaries of around 700,000 public school employees.


Clic here to read the story from its source.