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Al-Sabahi reports insurance surplus decline
In his article, insurance and social protection expert Musa Al-Subaievi discussed the current situation of the social security law in Jordan. He explained that the proposed amendment draft is still pending in the Labor Committee of the House of Representatives due to objections, financial issues, and popular concerns, particularly given the significant gap in actuarial indicators and the lack of clear reasons behind its flawed policies. He pointed out that the pension system faces major challenges, with insurance expenses amounting to 90% of revenues during the first quarter of 2026, threatening the financial sustainability of the fund. He emphasized the need for comprehensive reform, including a new law or radical amendments, to ensure balance and fairness, taking into account changes in the labor market and demographics. He also stressed the importance of controlling early retirement, expanding coverage, improving the operational environment, and diversifying investment portfolios to guarantee the system's financial sustainability. The essential priority is to implement a comprehensive reform package that balances the rights of current and future generations, ensuring sustainable and effective financial management of Jordan’s social security system.
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