Khaberni - The official spokesman for the Social Security Corporation, Shaman Al-Majali, revealed that the delay in announcing the final results of the eleventh actuarial study is due to technical conditions that require further meticulous review.
Al-Majali stated that the foreign expert assigned to the study is currently assessing the final results, with a reevaluation of some items based on the data provided by the institution to ensure the highest levels of accuracy and reliability.
He added that it is not possible to predict or determine the date of the official announcement of the results, confirming the institution's commitment to completing all technical reviews before the final announcement, according to Hayat radio.
The Assistant General Manager for Studies and Information at the Social Security Corporation, Mahmoud Al-Maaytah, had stated in the second week of last October that there are anticipated modifications to the early retirement system, explaining that the retirement bill had reached 63%.
He confirmed that the institution is moving towards converting exceptions into a rule while preserving the acquired rights of the old insured individuals.
He explained, during his participation in the fourth economic forum under the title "National Economic Integration: Reality and Aspiration," that the Social Security is an institution meant to endure, pointing out that the preliminary results of the eleventh actuarial study show that the financial situation of the institution is "very good and reassuring."
Anticipated Modifications —
The government is heading towards introducing a new Social Security law to the House of Representatives, aimed at enhancing the institution's independence, resembling the Central Bank model in governance and management.
On August 13, Prime Minister Jaafar Hassan had decided to retrieve the Social Security Law for 2024 from the House of Representatives.
The government stated that the retrieval of the Social Security bill from the House of Representatives coincides with the issuance of the results of the actuarial study conducted on the institution, where the current law mandates conducting such a study every three years; to examine the financial position of the institution.
Observers believe that retrieving the three laws indicates a phase of comprehensive review of the economic legislative framework, confirming that benefiting from this phase in adopting flexible, balanced, and growth-stimulating legislations will have a significant positive impact on investor confidence.
They pointed out that this move reflects the government's commitment to enhancing a genuine partnership with the private sector, and expanding the scope of consultation to ensure that the legislative amendments are in line with market needs and consider the developmental and investment dimension, which contributes to improving the business environment and increasing Jordan's attractiveness for investment.
