AMMAN — According to insurance and social protection expert
Musa Sabihi, the cumulative number of retired people under the social security
system in the Kingdom currently stands at 302,000 retirees.
اضافة اعلان
Sabihi added that the cumulative number of retirees
according to the civilian and military retirement laws has reached 392,000
retirees.
He also expected that the number of retired people under the
social security system will exceed the number of retirees under the civilian
and military retirement systems within at least five years.
Retirement bills and system sizeSabihi pointed out that the current retirement bill for the
social security system is approximately JD1.5 billion annually, while the
retirement bill for civilian and military retirees is about JD1.7 billion
annually.
As a result, the size of the official retirement system in
the Kingdom (civilian, military, and social security) currently amounts to
694,000 retirees with an annual bill of about JD3.2 billion, which constitutes
about 10 percent of the Kingdom's gross domestic product (GDP).
Dual salariesHowever, Sabihi noted that a significant percentage of
social security retirees receive both civilian or military retirement salaries,
meaning they receive both social security retirement pay and either civilian or
military retirement pay.
He explained that he does not have statistics on their exact
number, especially those who retired from civilian or military service and then
returned to work in the private sector and fulfilled the conditions for
receiving retirement pay or benefits from the social security system, most of
whom are military retirees.
Insurance and social protection expert Musa Sabihi said that
the cumulative number of retired people under the social security system
currently stands at 302,000 retirees.
Sabihi added, in a post on his personal Facebook page, that
the cumulative number of retirees according to the civilian and military
retirement laws has reached 392,000 retirees.
He pointed out that the current retirement bill for the
social security system is approximately JD1.5 billion annually, while the
retirement bill for civilian and military retirees is about JD1.7 billion
annually. Thus, the size of the official retirement system in the Kingdom
(civilian, military, and social security) currently amounts to 694,000 retirees
with an annual bill of about JD3.2 billion, which constitutes about 10 percent
of the Kingdom's gross domestic product (GDP).
Sabihi expected that the number of retired people under the
social security system will exceed the number of retirees under the civilian
and military retirement systems within at least five years.
However, he noted that a significant percentage of social
security retirees receive both civilian or military retirement salaries,
meaning they receive both social security retirement pay and either civilian or
military retirement pay.
He explained that he does not have statistics on their exact
number, especially those who retired from civilian or military service and then
returned to work in the private sector and fulfilled the conditions for
receiving retirement pay or benefits from the social security system, most of
whom are military retirees.
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