jordan pulse -
The Social Security Corporation (SSC) announced the allocation of 3,451 old age retirement pensions during the first half of 2024, bringing the cumulative number of old age retirement pensions to 102,367 as of June 30, 2024.
The SSC noted that the eligibility criteria for old age retirement pensions include reaching the age of 60 for male subscribers and 55 for female subscribers, along with a minimum of 180 contributions (equivalent to 15 years), including at least 84 actual contributions (7 years). Actual contributions refer to mandatory contributions through an establishment, voluntary contributions, or periods covered by unemployment compensation.
The SSC explained that the law provides several options for those who have not met the required period for old age retirement pension eligibility upon reaching the age threshold. These options include ending service and purchasing the remaining years, provided the subscriber has 84 actual contributions, extending employment beyond the retirement age either with the same establishment or by joining another, or continuing coverage through voluntary contributions.
Social Security Corporation
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