The Minister of Education presides over the meeting of the Board of Directors of the Social Welfare Fund for Teachers and their Assistants in its first meeting

Dr. Reda Hegazy, Minister of Education and Technical Education, chaired the first meeting of the Social Welfare Fund for Teachers; To discuss the regulations governing the fund, and to maximize its utilization.
Dr. Reda Hegazy confirmed that the Social Welfare Fund for Teachers and their Assistants has been activated in cooperation between the Ministry of Education and Technical Education and Al-Azhar Al-Sharif, in accordance with Law No. (212) of 2020 regarding the establishment of the fund; To provide services to teachers, and the existence of a funding source for various disbursement aspects for teachers, in implementation of the directives of President Abdel Fattah El-Sisi, President of the Republic, and after the approval of the Council of Ministers on a draft law to improve the conditions of teachers, and its approval by the House of Representatives, within the framework of the plan to advance the state in the conditions of teachers.
Dr. Reda Hegazy added that the Social Welfare Fund for Teachers represents an important step towards appreciating teachers along with many other incentives, stressing the importance of the fund being an investment model. To maximize the benefit and to have a good return on the beneficiaries.
The minister continued, "The fund aims to improve the financial conditions of teachers and their assistants, and motivate them to continue their sincere efforts in laying the foundations for an advanced educational system, according to the latest technologies and global expertise."
The meeting discussed the ratification of the proposal for the organizational structure of the Social Welfare Fund for Teachers. A proposal was also approved to assign Saeed Siddiq as the executive director of the fund and to form a committee headed by him to discuss the regulations, provided that the committee includes representatives of the Ministry of Finance, the Syndicate of Teaching Professions, and the Fund for Supporting, Financing, Construction and Management of Educational Projects.
This came in the presence of Saeed Siddiq, Head of the Central Administration for Strategic Management, Mr. Al-Badawi Abdel Rahman, representative of the Fund for Support, Financing, Construction and Management of Educational Projects, Walid Maher, Director General of the General Administration of Examinations for Political Communication and Parliamentary Affairs, Ahmed Sayed Hassan, representative of the Minister of Finance, and Randa Ezzat, representative of the Minister of Finance. Social Solidarity, Counselor Muhammad Diaa El-Din, representative of the State Council, Dr. Ahmed Khalifa, representative of the Undersecretary of Al-Azhar Al-Sharif, Ashraf Abdel-Hadi, representative of the Undersecretary of Al-Azhar Al-Sharif, Khaled Ibrahim, representative of the Undersecretary of Al-Azhar Al-Sharif, and Yasser Arafat Ali, representative of the General Syndicate of Educational Professions.
It is worth noting that the Board of Directors of the Social Welfare Fund for Teachers is responsible for supervising the workflow of the fund, developing and implementing the necessary policies to achieve its purposes and objectives, approving the organizational structure of the fund, setting regulations related to financial, administrative and technical affairs, human resources, procurement and warehouse regulations, and approving the actuarial study of the fund to ensure balance. It also determines the aspects of social welfare that are provided to the members of the fund, and approves the benefits systems granted to the members of the fund, in addition to approving ways to invest the fund’s money in accordance with the rules to be determined by a decision of the Prime Minister, and approving the draft annual budget of the fund.