SSC injects JD300m into investment arm since year’s start

SSC
(File photo: Jordan News)
AMMAN — Director General of the Social Security Corporation (SSC) Hazem Al-Rahahleh said on Wednesday that the corporation has transferred JD300 million in social security surpluses to its investment arm, the Social Security Investment Fund, since the beginning of 2022.اضافة اعلان

Speaking at a seminar in Amman, Rahahleh said SSC finances are “comfortable”, adding that at least once every three years, the corporation commissions an actuarial study to assess its medium- and long-term financial health.

He said that the corporation conducted its tenth actuarial study, which yielded positive results, indicating an improvement in the break-even point between contributions and expenses.

According to the 10th study, the SSC will reach the break-even point in 2050, rather than the 2041 predicted by a previous study.

He credited the SSC’s efforts to broaden coverage and boost membership, as well as legislative changes, for this development.


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