Is Jordan’s Social Security Corp facing a problem?
Short answer: no. 🧵
In Jordan, the ratio of workers to retiree is 6:1.
We have 1.2 million subscribers for 0.2 retiree.
In other countries, it is already around 2:1
1/3
Short answer: no. 🧵
In Jordan, the ratio of workers to retiree is 6:1.
We have 1.2 million subscribers for 0.2 retiree.
In other countries, it is already around 2:1
1/3
Also other countries have a pay as you go system, and current worker contributions are barely covering for current retirees and need to increase the labor population (via brain drain or incentivised child policies).
Jordan has a PAYG system + fund.
2/3
Jordan has a PAYG system + fund.
2/3
The goal for the next 2 decades will be:
-increase # of subscribers (incl. black market workers and foreign labor)
-increase # of voluntary/optional subscribers (Jordanians working abroad)
-increase returns of the Social Security Investment Fund’s portfolio (diversification)
3/3
-increase # of subscribers (incl. black market workers and foreign labor)
-increase # of voluntary/optional subscribers (Jordanians working abroad)
-increase returns of the Social Security Investment Fund’s portfolio (diversification)
3/3
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