Writer: Khaled Juma’a
Many years after the establishment of the Social Security Corporation in Jordan, early retirement has emerged as a major challenge affecting the sustainability of the social security system. This form of retirement increases financial pressure on the system, particularly due to the high percentage of early retirees in both the public and private sectors. It results in a premature rise in pension burdens, and rapidly depleting financial resources. Additionally, low wages in the labor market drive workers toward early retirement in pursuit of better economic opportunities or less demanding working conditions.
However, the pensions received by many early retirees are also very low, which adds to the economic and social challenges they face after retirement.
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