Khaberni - Written by the legal expert in insurances and social protection, Musa Al-Subaihi:
One of the main purposes of social security is to provide income security for the insured and their family, known as the retirement salary, which forms one of the most important pillars of social protection for individuals and families.
From this point, every insured person who enters the insurance system should know how to plan for obtaining a suitable retirement salary in the future that meets the needs of their family and provides them with decent living conditions.
Below are ten important and useful tips that I offer to about (1.666) million active insured individuals (currently active) and to everyone who enters the workforce and subscribes to social security thereafter, to help each of them plan for a good and appropriate future retirement salary:
1) Start subscribing to social security early, whether you are a salaried employee at any workplace, a business owner, or self-employed.
2) Demand your right to be included in social security if your employer has not included you, never give up your right, and do not underestimate the importance of subscribing no matter how short the duration may be at any workplace.
3) Ensure gradual growth in your salary subject to social security deductions, as salary stability and lack of growth will deprive you of obtaining a satisfactory retirement salary in the future.
4) Ensure your continuous inclusion, and avoid interruption, and if your service ends at any workplace and you do not find immediate employment, try to subscribe voluntarily (if you are Jordanian).
5) If you are unemployed due to the end of your service at any of the private sector establishments, apply for unemployment compensation from the Social Security Institution, as the months during which you receive unemployment compensation are considered actual subscription months in the insurance system.
6) Do not consider early retirement unless you have to (such as being employed in a hazardous job), and ensure that your contributions are not less than (300) contributions and that your age is not less than (50) years for any early retirement you pursue.
7) Ensure that your wages subject to social security deductions in at least the last seven years are without large gaps or discrepancies.
8) If you reach sixty years of age (or fifty-five for women) and you have only the minimum required subscriptions for a retirement pension due to old age (180 subscriptions), try to continue subscribing for a number of additional years (5 years, for example) in order to obtain a better retirement pension.
9) Be aware that the best retirement salary you can get is when you reach the old age retirement age (60 years for men and 55 years for women according to the current Social Security Law) with at least 360 contributions (30 years).
10) Do not consider retirement as an end goal, make work a value in your life, and strive and exert the effort and giving that comforts your soul, clears your conscience, and validates your salary and thereafter your retirement pension.
