Altarawneh: No lies to Jordanians, reforms needed
Dr. Mohammad Al-Tarawneh, the former Director General of the Social Security Corporation and an actuarial expert, responded to the controversy surrounding his positions regarding the financial situation of the Social Security Fund. He emphasized that he has never lied to Jordanians throughout his career, and that the modifications to his statements were only related to the timing of the statements, not their substance. He clarified that all his warnings about actuarial imbalances and the importance of reform have been documented during his tenure. He pointed out that the pension system in Jordan has never been actuarially balanced at any stage, and it has reached a level of financial deficit expected to potentially start in 2030, with reserves fully exhausted by 2049. He also affirmed that the concept of financial sustainability differs from actuarial balance, noting that even with an actuarial deficit, the system could remain financially sustainable for decades based on contributions and investment returns. He concluded by stating that adherence to the truth is always his professional and national duty, regardless of his official position.
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