Insurance Information No. (321)
The Social Security Corporation is expected to issue a decision to postpone loan installments granted to its retirees for the current month of June, following the example of all Jordanian banks, without imposing any additional interest on the postponement.
Speaking of loans and advances, I'd like to point out that when the Social Security Corporation launched this initiative to serve its retirees in 2016, its primary goal was to provide advances for investment purposes, enabling retirees to improve their standard of living and that of their families. Therefore, the Corporation issued instructions for the advance system, which operates on two tracks: the first is investment advances for establishing or developing an existing project for retirees, and the second is consumer advances.
I remember that the greatest demand was for consumer loans, even though the interest rate on them was higher than the interest rate on investment loans..!
While I call on the Social Security Corporation to take a decision to postpone the installments of its retirees’ loans for the current month, to make things easier for them, especially as we are approaching the beginning of next month on the occasion of Eid al-Adha, I at the same time call on the Corporation to focus on loans and investment loans for Social Security retirees, to launch a massive awareness media campaign, and to allocate larger financial allocations under more facilitating and easier conditions to encourage investment loans, with a focus on early retirees and those with partial disability, especially those with low salaries, in order to motivate them to return to work and help them improve their income and standard of living.