Early Retirements Account for 58% of Pension Bill

تم نشره في Wed 9 August / Aug 2017. 12:00 AM
  • Director of the Social Security Corporation (SSC), Nadia Rawabdeh, participating in during a forum on the impact of early retirement on individuals and society. - (Source)

AMMAN —AlGhad— The Director of the Social Security Corporation (SSC), Nadia Rawabdeh, stated during a forum on the impact of early retirement on individuals and society, that early retirement accounts for nearly 58 per cent of the Pension Bill.

According to Rawabdeh, early retirees on pension amount to around 95 thousand retirees, some 47 per cent of the total; 202 thousand.

This July, the SSC’s pension bill stood at around JOD76 million, Rawabdeh said, describing early retirement as a “growing phenomenon”. 

In the overall, such increase in early retirement can be counterproductive, as expertise and qualifications are drained out of the economy early only.

Munther Shara, former president of the Economic and Social Council, said early retirement directly affects the gross domestic product.

On the individual level, Shara cited studies to prove a “regression in the feeling of self-worth, as well as physical and mental health of early retirees”.

Executive Director of the Sisterhood is Global Institute, Asma Khader, said all women, including housewives, have to be included in the social security system.

Additionally, Khader noted that the work women do at home is “sacred”.

Meanwhile, economist Hussam Ayesh pointed to the fact that high retirement percentages in any country reflect negatively on its credit eligibility. This makes a country less able to take loans, attract investments and integrate international markets.

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