Salary deductions for SSC subscriptions to rise by January 2017

AMMAN — The Social Security Corporation (SSC) will start deducting an overall of 21.75 per cent of the monthly salaries of subscribers working in the private sector starting January 1, 2017.

A statement issued by the corporation’s media department on Saturday said the new deduction rates were endorsed in the 2014 Social Security Law, which entails a gradual increase of 0.75 per cent in deduction rates until it reaches a maximum of a 3 per cent increase (2 per cent on the employer and 1 per cent on the subscriber).

Under the new adjustment of deduction rates, employers have to pay 14.25 per cent of the amount and subscribers have to pay 7.5 per cent, with social security insurance covering old-age retirement, disability, death, work injuries, maternity and unemployment.

As for public sector subscribers, the overall deduction of their salaries will become 19.5 per cent, with public agencies paying 13 per cent of the amount and subscribers paying the remaining 6.5 per cent. 

This social security insurance covers old- age retirement, disability, death and work injuries, the statement added.

Optional subscribers will undergo a 17.5 per cent deduction of their subscriptions and insurance will include old-age retirement, disability and death, it said.