Age of Retirement in Egypt Officially Set to 60

The Egyptian Committee of the House of Representatives has signed a new labour law officialising the country’s age of retirement to 60 years old.

The new law was announced by Chairman Adel Al Fadhil and agreed in accordance with article 170, which now states that it is not permissible to set a retirement age under the age of 60 unless an employee’s contract is for a fixed term that extends beyond the retirement age.

Article 170 also previously stated that “workers have the right to continue working after reaching this age to complete the period required for entitlement to a pension.”

The House of Representatives has since newly amended the law to say “the provisions of the Social Insurance and Pensions Law shall apply with regard to the age of entitlement to a pension,” meaning retired workers can now earn their pension upon reaching the age of 60.

The Social Insurance and Pensions Act aims to increase the age of retirement to 62 in 2034; 63 in 2036; 64 in 2038; and 65 in 2040.