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Cabinet Approves Pension Hike For Military Retirees, Veterans
(MENAFN- Jordan News Agency)
Amman, Feb. 18 (Petra) -- The Cabinet approved a pension increase for military retirees on Tuesday, raising the minimum pension to JD350, effective at the end of the month.
The decision is expected to benefit around 17,000 retirees, with a total financial impact of approximately JD5 million dinars, sourced from the Ministry of Finance and the Social Security Corporation.
The pension increase will also apply to those receiving pensions through the Social Security Corporation, ensuring fairness for all military retirees, regardless of the system under which they retired.
This adjustment addresses long-standing disparities, particularly for retirees whose pensions had been as low as JD220. The new policy ensures that no military retiree will receive less than JD350, aligning both new and previous retirees under the same financial standard.
Prime Minister Jafar Hassan reaffirmed the government's commitment to supporting military retirees, recognizing their significant contributions to the nation.
He also emphasized ongoing efforts to provide further opportunities for retirees, including agricultural land and cooperative support, to help them continue to contribute to Jordan's development.
Amman, Feb. 18 (Petra) -- The Cabinet approved a pension increase for military retirees on Tuesday, raising the minimum pension to JD350, effective at the end of the month.
The decision is expected to benefit around 17,000 retirees, with a total financial impact of approximately JD5 million dinars, sourced from the Ministry of Finance and the Social Security Corporation.
The pension increase will also apply to those receiving pensions through the Social Security Corporation, ensuring fairness for all military retirees, regardless of the system under which they retired.
This adjustment addresses long-standing disparities, particularly for retirees whose pensions had been as low as JD220. The new policy ensures that no military retiree will receive less than JD350, aligning both new and previous retirees under the same financial standard.
Prime Minister Jafar Hassan reaffirmed the government's commitment to supporting military retirees, recognizing their significant contributions to the nation.
He also emphasized ongoing efforts to provide further opportunities for retirees, including agricultural land and cooperative support, to help them continue to contribute to Jordan's development.
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