Prime Minister Jafar Hassan confirmed during a cabinet session on Tuesday that the government has amended the draft Social Security Law to ensure that no individual eligible for early, mandatory, or optional retirement over the next four years will be affected.
اضافة اعلان
Key Highlights of the Amendments:
Implementation Timeline: The law's application will begin gradually in 2030 and span the following decade.
Mandatory Retirement: Gradual implementation will continue until 2040 for both genders, meaning full implementation will only occur 14 years after the law takes effect (if passed this year).
Early and Optional Retirement: * Implementation begins after 2030.
Gradual rollout until 2047 for males (full implementation after 21 years).
Gradual rollout until 2041 for females (full implementation after 15 years).
Gender Gap Maintained: The existing 5-year gap (or 60 contributions) between men and women regarding early and mandatory retirement ages remains unchanged.
Consultation and Governance
Prime Minister Hassan emphasized that these amendments followed extensive consultations with parliamentary blocs and incorporated feedback from experts and citizens via the Legislation and Opinion Bureau website.
"The government remains open to any suggestions to refine the draft law through parliamentary committees and its members," Hassan stated. He stressed full cooperation with Parliament to protect Social Security subscribers, safeguard investments and profits, and rely exclusively on contribution income as a solid and sustainable foundation for future pensions.
Institutional Restructuring
The draft law also includes measures to strengthen the governance of the Social Security Corporation (SSC). The restructuring aims to model the SSC after the Central Bank of Jordan in terms of decision-making independence and institutional autonomy.
