Mathematical Equations for Calculating Ordinary Obligatory Old Age Pension Pursuant to the Effective Jordanian Social Security Law (Published)
This paper aims to create mathematical equations for the calculation of age pension. Therefore, it discusses the legal conditions provided by the Jordanian legislator for the entitlement of age pension, which are related to the insured person who reached a specific age for either male or female separately. It illustrates the legal conditions for the insured who did not complete such periods and at the same time reached the age of pension. Further, it examines the legal conditions for the continuous coverage of the insured by the social security after his/her completion of age pension requirementsThis paper aims to create mathematical equations for the calculation of age pension. Therefore, it discusses the legal conditions provided by the Jordanian legislator for the entitlement of age pension, which are related to the insured person who reached a specific age for either male or female separately. It illustrates the legal conditions for the insured who did not complete such periods and at the same time reached the age of pension. Further, it examines the legal conditions for the continuous coverage of the insured by the social security after his/her completion of age pension requirements
Keywords: Calculation, Mathematical Equations, Old Age Pension, Social Security Law