AMMAN — As the Jordan Engineers
Association’s retirement fund faces a liquidity crisis, association President
Ahmed Al-Zoubi has confirmed that the board is endeavoring to make decisions
that contribute to providing financial liquidity to
support the fund,
Al-Mamlaka TV reported.
اضافة اعلان
In a press statement issued on Tuesday,
Zoubi indicated that
the board has conducted extensive tours to all
governorates of the Kingdom to meet with constituencies and association
committees, as well as sister committees abroad in Jerusalem, Hebron, and
Nablus. Through these field tours, the association has arrived at a draft
formula for proposed amendments to the Engineers Retirement Fund system.
Discussions
regarding amendments to the retirement
fund have focused on the principle of obligatory subscription, with the
exception of the first five years immediately after graduation — whether the
engineer works or not. The topic of making membership in the retirement fund
similar to social security, linking it closely to work, was also discussed. In
addition,
talks determined that the amendments, if adopted, would not be
applied retroactively, and each engineer could subscribe for past years under
set terms and conditions.
During his meeting with the board of the association’s
branch in Aqaba, Zoubi stressed that the fund is “secure”, with assets
estimated at 283 million dinars — the difficulties it is facing, he said, are
due to a liquidity crisis.
The association is planning to meet with
former chairmen, advisory committees, the Jerusalem center, and other sister
committees outside the Kingdom during the current week, and will set the
soonest date possible to discuss outcomes of those meetings with the retirement
fund’s general authority, the president stressed.
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