Jordan raises pensions to match inflation

May 21, 2014 12:43 am

Jordan’s Social Security Corp (SSC) has announced that pensions of subscribed retirees are to be raised as of May to match the 5.6% inflation rate of 2013, Jordan Times has reported. The decision is in line with the new Social Security Law, endorsed by Parliament late last year, which links annual raises of pensions with inflation rates, or with the growth in the annual average increase in salaries in the kingdom, whichever is less. The annual increase should not exceed JD20 per month.