Jordan: Over 80,000 subscribers benefit from SSC unemployment insurance
Source: Middle East Insurance Review | Jun 2019
Around 82,000 subscribers have benefitted from the Social Security Corporation (SSC) services, worth a total value of JOD70m ($98.7m), since the introduction of the unemployment insurance system in September 2011, said media reports.
According to SSC spokesperson Musa Sbeihi, 20,000 subscribers have benefited from the insurance service last year at a total value of JOD24m. The SSC unemployment insurance helps those covered maintain their living standards until they find employment, up to a maximum period of six months.
He added that the unemployment insurance guarantees that subscribers remain under the SSC umbrella for the allocated period of one to six months, in addition to providing the job market with the chance to readjust and restructure so that it can better accommodate human resources within different sectors.
To qualify for the unemployment insurance, one must be an SSC subscriber for at least 36 months and has been covered by the insurance during his or her final month of employment at a private sector institution.
During the first month of coverage, beneficiaries are allocated 75% of their last salary, 65% in the second, 55% in the third and 45% in the fourth, fifth and sixth salaries. The monthly allocation is capped at JOD555. M
JOD1 = $1.41