SSC receives 2,000 saving credit withdrawal applications in first week of service launch

AMMAN — The Social Security Corporation (SSC) has received more than 2,000 applications from subscribers to withdraw funds from their work-stoppage insurance savings credits one week after the launch of the service on the corporation's new website, SSC spokesperson Musa Sbeihi said on Saturday.

The reasons behind the withdrawals were mainly for subscribers to use the funds to enable their children to pursue higher education and to cover health treatment costs for them or their family members, Sbeihi added, as reported by the Jordan News Agency, Petra. 

The SSC transferred a total of JD1.1 million to some 700 subscribers, while rejecting the applications of 545 subscribers for lack of required documents, the spokesperson said.  

Those whose applications were refused received notification messages on their mobile phones, Sbeihi said. 

He added that the service to withdraw from savings credit is only available through the corporation’s website, www.ssc.gov.jo, which was launched on November 2 for Jordanians who have worked in the private sector since September 1, 2011.

For subscribers to benefit from this insurance, their savings credit should be no less than JD300, and they can withdraw up to 75 per cent of the available savings credit, the SSC official noted.

Earlier in the month, the SSC announced that insurance revenues since its establishment in 1978 up to the end of September of this year amounts to JD17.1 billion.

SSC expenditures to cover insurance services for pensions, work injuries and compensations totalled JD9.8 billion, while the corporation recorded an accumulative surplus of JD6.6 billion, with assets worth JD10.9 billion.