Experts warn against changes to social security law

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Two amendments to the Social Security Law, which experts have warned against, are expected to be issued soon, said a source at the Social Security Corporation. (Photo: Jordan News)
AMMAN — “Raising the early retirement age, and less incentives for early pensioners” are the two main amendments to the Social Security Law that are to be issued soon, according to an official source at the Social Security Corporation who spoke to Jordan News on condition of anonymity.اضافة اعلان

The source added that “it is also proposed to increase the validity of the unemployment insurance for the insured whom are over 45–50 years to benefit from it for one year instead of three months.”

The expected amendments, according to experts, do not bode well, especially under the hard economic situation the country is experiencing, where expenses are high amid a significant increase in unemployment and poverty.

Ahmad Awad, director of the Phenix Center for Economic and Informatics Studies, told Jordan News that “the government should work on protecting retirees by providing them with unemployment insurance and health insurance, in addition to raising pensions.”

Awad added that “early retirees decide to retire with the intention of finding another job to increase their incomes and secure a decent life for their families.”

“They should take a serious step regarding unemployment insurance,” the expert said, adding that “in this way, workers who are laid off before the mandatory retirement age can receive cash incomes and guarantee that they will not be joining the army of the jobless.”

Awad also called for “social protection for retirees and the elderly that would make their life easier, and reduce their dependence on their pension.”
“Those retirees depend significantly on their pension, and you know the elderly might be incurring some expenses that exceed their salaries,” he said.

For his part, Head of the Parties Committee at the Royal Committee for the Modernization of the Political System, Adnan Al-Sawair, told Jordan News that “I was hoping that no new amendments were to be applied to the existing law, at least not at this stage.”

“A well-phrased law was issued previously; why should we introduce new amendments to it?” he said. “Raising the early retirement age should be done gradually.”

The last time the law was amended was in 2019, when MPs agreed to push early retirement age for men up to 55 from 50, with a threshold of at least 21 years of service, while the early pension age for women was raised to 52, with at least a 19-year service. Before that, women could have chosen pension any time after paying subscriptions for 19 years.

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