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Maximum wages announced, regulations show no exemptions - Daily News Egypt

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Maximum wages announced, regulations show no exemptions

Judicial positions, police forces, holding companies, authorities and economic bodies all included in maximum wage plan

The government’s official legislative gazette published the regulations for setting maximum wages, with no exemptions for the judicial system, police forces or banking sectors, state-run Al-Ahram newspaper reported Monday.

Debate over the maximum has been ongoing for the past several years with speculations on the exclusion of several sectors riding during the past several months.

Last month, Prime Minister Ibrahim Mehleb said the government has been “clearly tasked” to apply the maximum wage at all levels of the public sector.

Maximum wages will be applied to those holding judicial positions, members of the armed forces, police force and employees in the Administrative Control Authority (ACA) and the Central Auditing Organisation (CAO).

The regulations also illustrated that maximum wages will be applied on administrative authorities that belong to the state, economic bodies and holding companies.

These regulations indicate that maximum wages will be applied to the Central bank of Egypt, Nasser Social Bank (NSB), National Investment Bank (NIB) and Principal Bank for Development and Agricultural credit (PBDAC).

Maximum wages will also be applied to general authorities and holding companies in the country. This includes the Egypt Post Authority, the Egyptian General Petroleum Corporation (EGPC), the Egyptian Petrochemicals Holding Company (ECHEM) and the Food Industries Holding Company.

The list also includes the Egyptian Radio and Television Union (ERTU), National Telecommunications Regulatory Authority (NTRA), Egyptian Competition Authority (ECA) and Consumer protection Agency (CPA) and Al-Azhar institutions.

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