Amman, Oct. 5 (Petra) -- Director General of the Social Security Corporation (SSC) Hazem Rahahleh disclosed on Wednesday that the corporation has transferred JD300 million in social security surpluses to its investment arm, the Social Security Investment Fund (SSIF), since the beginning of 2022.

Rahahleh, speaking at a seminar in Amman, characterized the SSC's finances as "comfortable," noting that at least once every three years, the corporation commissions an actuarial study to assess its medium- and long-term financial health.

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

//Petra// AA

05/10/2022 14:24:40