What is the social security system like in the Egyptian labor law?
There is a social security system under which the employer pays contributions equivalent to approximately one-fourth of the salary earned, up to a certain limit of salary. Contributions in the private sector under social security regulations are levied only on Egyptian nationals who are in full-time employment. Contributions are required at the following rates: On the monthly basic salary minimum LE 120 and up to LE 750, at 26% for employer and 14% and employee, respectively; on all other allowances or overtime, social security starts from minimum LE 120 and up to LE 500 monthly at 24% by employer and 11% by employee, respectively. Regardless how much the salary was an employer only puts the social insurance on the minimum level for workers and go higher for other managerial positions. Benefits provided under the social security scheme are pensions, disability payments, sickness payments, maternity and death allowances, and unemployment insurance. These benefits are not given to non-Eg
