SSC in ‘comfortable’ financial situation, says Rahahleh 

AMMAN — The Social Security Corporation (SSC) has transferred JD300 million in security surpluses to the Social Security Investment Fund (SSIF), the investment arm of the corporation, since the beginning of 2022, SSC Director General Hazem Rahahleh said on Wednesday.

Addressing a panel discussion, organised by the "Jordanian Masarat for Development and Progress", which covered amendments to the social security draft law, Rahahleh said that the corporation's financial situation could be described as "comfortable". He noted that the corporation holds an actuarial study to assess its medium- and long-term financial health at least once every three years.

The conclusion of the 10th actuarial study showed positive improvement in the break-even point between contributions, revenues and expenses, according to the Jordan News Agency, Petra.

The SSC will reach the break-even point in 2050, rather than the 2041 date predicted by a previous study, according to the newest SSC study.