Jordan: Increase in retirement pension by 4.70%

The source added that 133,000 retired men and women whose monthly salaries are less than 350 dinars, benefited from a revision of the mechanism for calculating the increase in salaries.

 

He said that the beneficiaries are the holders of old-age pension, complete disability, and death, while the holders of early retirement salary and partial disability will not benefit from this decision.

 

The source indicated that “pension salaries of all kinds are subject to an annual increase and are related to annual inflation rates and the growth rate of wages.”

 

He said that after calculating the increase, which is related to inflation rates and growth rates over wages, the inflation rate for this year was 1.35%, indicating that it is the lowest rate compared to previous years.

 

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