Latest news with #JD220
Zawya
19-02-2025
- Business
- Zawya
Jordan: Cabinet approves pension increase for military retirees, veterans
AMMAN: The government on Tuesday approved an increase in military pensions, setting the minimum at JD350, effective as of the end of this month. The decision, announced during a Cabinet meeting chaired by Prime Minister Jafar Hassan, coincides with Veterans Day. The adjustment will benefit some 17,000 retired military personnel at a total cost of around JD5 million, to be financed by the Ministry of Finance's Directorate of Pensions and the Social Security Corporation. It also ensures parity between military pensioners who receive their pensions from the Social Security and those who receive their pensions through the Ministry of Finance. The move corrects a long-standing disparity affecting older military pensioners, whose pensions ranged from JD220 to JD350. As new military pensions already start at JD350, the decision brings older pensioners into line with current standards. Prime Minister Hassan reaffirmed the government's commitment to supporting veterans, recognising their service as an integral part of the nation. He emphasised that they remain a trusted pillar of society and a valuable source of experience, enjoying the full confidence of His Majesty King Abdullah. The government is also working with the Economic and Social Association of Retired Servicemen and Veterans and other institutions to allocate agricultural land and support cooperatives that create economic opportunities for retired military personnel. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
18-02-2025
- Business
- Jordan Times
Cabinet approves pension increase for military retirees, veterans
AMMAN - The government on Tuesday approved an increase in military pensions, setting the minimum at JD350, effective as of the end of this month. The decision, announced during a Cabinet meeting chaired by Prime Minister Jafar Hassan, coincides with Veterans Day. The adjustment will benefit some 17,000 retired military personnel at a total cost of around JD5 million, to be financed by the Ministry of Finance's Directorate of Pensions and the Social Security Corporation. It also ensures parity between military pensioners who receive their pensions from the Social Security and those who receive their pensions through the Ministry of Finance. The move corrects a long-standing disparity affecting older military pensioners, whose pensions ranged from JD220 to JD350. As new military pensions already start at JD350, the decision brings older pensioners into line with current standards. Prime Minister Hassan reaffirmed the government's commitment to supporting veterans, recognising their service as an integral part of the nation. He emphasised that they remain a trusted pillar of society and a valuable source of experience, enjoying the full confidence of His Majesty King Abdullah. The government is also working with the Economic and Social Association of Retired Servicemen and Veterans and other institutions to allocate agricultural land and support cooperatives that create economic opportunities for retired military personnel.
Ammon
18-02-2025
- Business
- Ammon
Cabinet approves pension hike for military retirees, veterans
Ammon News - The Cabinet approved a pension increase for military retirees on Tuesday, raising the minimum pension to JD350, effective at the end of the month. The decision is expected to benefit around 17,000 retirees, with a total financial impact of approximately JD5 million dinars, sourced from the Ministry of Finance and the Social Security Corporation. The pension increase will also apply to those receiving pensions through the Social Security Corporation, ensuring fairness for all military retirees, regardless of the system under which they retired. This adjustment addresses long-standing disparities, particularly for retirees whose pensions had been as low as JD220. The new policy ensures that no military retiree will receive less than JD350, aligning both new and previous retirees under the same financial standard. Prime Minister Jafar Hassan reaffirmed the government's commitment to supporting military retirees, recognizing their significant contributions to the nation.
