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الحقيقة الدولية
Al-Tarawneh clarifies social security stance
Dr. Mohammed Al-Tarawneh, former Director General of the General Social Security Corporation and an actuarial expert, affirmed that his stance on the financial situation of the Social Security system has not changed, and that his recent statement was made in the same context as his previous ones. He clarified that the difference lies in the location of the statement, not its substance. He explained that all warnings he issued during his tenure related to actuarial imbalances requiring reforms to ensure the system's sustainability. He emphasized that the pension system in Jordan has never been actuarially balanced at any stage, and recent studies indicate that implementing reforms is essential to guarantee long-term funding. The latest study pointed out that the system is expected to start exhausting its reserves entirely by 2049, although the financial balance remains sustainable in the long run based on contributions and investment returns. He also mentioned that the date he previously referred to for reserve depletion (2060) was based on a previous study, but reality has shown an earlier deficit and financial deterioration. He concluded by reaffirming his professional duty and patriotism in speaking the truth, emphasizing that he is not responsible for the previous assumptions made about the institution.
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