Initiative aimed at employing aid fund beneficiaries, covering them under SSC

AMMAN — The Social Security Corporation (SSC) and the National Aid Fund (NAF) on Sunday signed a memorandum of understanding to launch an initiative for employing young members of families receiving aid with the private sector and registering them with the SSC.

SSC Director General Nadia Rawabdeh said the corporation seeks to cooperate with all national institutions to support recruitment policies and ensure the Kingdom's workers are covered under the social security umbrella, an SSC statement said.

NAF President Basma Ishaqat said the memorandum aims at enhancing the partnership among public institutions and achieving national goals to activate recruitment policies.

Ishaqat added that employing a member of a NAF beneficiary family does not mean they will no longer receive aid, but the amount will be slightly reduced after three months of employment.

Under the memorandum, NAF will offer incentives for private companies to cooperate with the initiative by covering 14.5 per cent of the young employees' SSC subscriptions (5.75 per cent on behalf of the subscriber and 8.75 per cent on behalf of the institution).

The employee will pay 1 per cent of the subscription and the company will pay 4 per cent.

According to the memorandum, NAF's 14.5 per cent contribution will cover those receiving the minimum wage of JD190.

In cases higher than the minimum wage, the SSC's subscription regulations will be followed.

In 2015, working family members receiving national aid will pay 1.25 per cent of the SSC subscription fees, while the employer will pay 4.5 per cent and NAF will cover 5.75 per cent on behalf of the subscriber and 8.75 per cent on behalf of the employer.

In 2016, the share of the subscriber will increase to 1.5 per cent and the institution to 5 per cent, with NAF covering the same percentages for subscribers and institutions.

The terms and conditions of the memorandum will be valid as of July 1, 2014 and continue for the next two years.