AMMAN — The Central Committee of the
Jordanian Engineers Association (JEA) has approved amendments to the pension fund system
in an effort to prevent its bankruptcy, a local media outlet reported.
اضافة اعلان
The decision was made during an extraordinary
meeting held on Friday at the Professional Associations Complex, where the
JEA president, Ahmed Samara Al-Zoubi, and other members of the association’s board,
the general secretariat, and the associations legal advisor, Thaer Al-Najdawi,
were in attendance.
The amendments, which were approved by the majority
of the attendees, were modified based on a series of consultations and meetings
that the board held with all relevant parties over the past period.
The aim of the amendments is to maintain the
sustainability of the fund and ensure its continued compliance with its
financial obligations.
Pension fund
amendmentsThe Central Committee approved the proposed
amendments to the pension fund system with the recommendation that they be
balanced and take into account the conditions of young engineers, while
ensuring the compliance of the fund with its obligations.
The committee also recommended the need to return
to the actuarial study to examine the percentage of reduction from the pension
salary of each of the retired non-practicing and practicing engineers, and to
modify the word "deduction" to "withholding".
Other changes include raising the retirement age to
47 years for men and 43 years for women, increasing the installment period for
exemptions to three years instead of two years, and considering the imposition
of additional fees for delays in paying subscriptions for three months instead
of two months.
These amendments, which are considered a major step
towards ensuring the sustainability and continuity of the fund, have been
approved by the Central Committee to prevent the pension fund system from
collapsing.
The council had previously presented a proposal to
make changes to the system to ensure its stability and
financial obligations.
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