SSC lends JD19.5m to pensioners

AMMAN — The Social Security Corporation (SSC) has extended JD19.479 million in soft loans to 6,502 pensioners so far under a new programme launched on July 18, the corporation said on Saturday.

The SSC has allocated JD20 million to the programme to provide soft loans to its retirees for personal or business expansion purposes, SSC Director General Nadia Rawabdeh said in a statement, noting that the corporation is still receiving applications for the soft loans.

Applicants can borrow up to 10 times their retirement pensions with a ceiling of JD10,000, provided that their monthly pensions do not exceed JD2,000, said Rawabdeh, adding that payment can extend over 60 months or until the beneficiary reaches 70 years of age.