Monthly deficit of doctors’ pension fund estimated at JD560,000

(File photo: Jordan News)
AMMAN — Head of the Media Committee of the Jordan Medical Association (JMA) Hazem Al-Qarala said that the JMA pension fund deficit reaches JD550,000 to JD560,000 per month, accrued from payment of pensions and the monthly expenses of the fund, according to Ammon News.اضافة اعلان

Qarala said that the pension fund debt amounts to JD26 million, while its assets amount to about JD53 million. He added that the main problem lies in the method used to calculate the amount deducted monthly for social security, which amounts to 21.5 percent of the salary of doctors in the public sector.

He stressed the need to find realistic and viable solutions to avoid the collapse of the pension fund in the coming years. Of the 38,000 individuals enrolled in JMA, only some 12,500 paid their association subscription — those who participated in the JMA elections in June, he said. A new study of the retirement fund is being conducted, and several proposals are under consideration to find solutions to the problem, he added.

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