50% of pension funds go to 20% of retirees

Director of the Social Security Cooperation (SSC) Hazem Al-Rahahleh said on Tuesday, at present, the SSC’s funds are not in danger, stressing however that measures must be taken to ensure that the st
(File photo: Jordan News)
AMMAN Social Security Corporation (SSC) data shows that 20 percent of retirees receive 50 percent of the corporation’s pension payout fund, while the remaining 80 percent of pensioners share the other 50 percent, according to Khaberni.اضافة اعلان

Individuals who have retired for five years received 190 percent of the total contributions paid by them and for them, almost double their contributions during their employment periods, according to SSC data.

Individuals who retired 10 years ago received 430 percent more than the contributions they made during the years of service, a local media outlet reported.

Likewise, those who retired 15 years ago received 650 percent of their salary contributions, while those who have been retired for over than 20 years received 910 percent more than their contribution.


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