Technical advisory services for the Seventh Actuarial Review of the Social Security Corporation in Jordan

The project will mainly focus on the delivery of the Seventh Actuarial Review of the SSC as at 31 December 2010 to satisfy the requirement of Articles 18(a) and 73 of the “Temporary Law No. (7), for the year 2010 – Social Security Law”. This follows the five-year project of the ILO with the SSC that had led to an interim actuarial review as at 31 December 2004 and the Sixth Actuarial Review of the SSC as at 31 December 2007, in addition to a series of three technical reports delivered on the costing of various reform proposals for the purpose of decision makers. The prior ILO technical studies were delivered in support for decision makers who adopted the “Temporary Law No. (7), for the year 2010 – Social Security Law” governing the SSC – now foreseen to be formally adopted by Parliament. The project will further focus on the legal assessment of the “Temporary Law No. (7), for the year 2010 - Social Security Law”, in particular its compliance with basic social security principles and ILO Social Security Conventions, as well as in light of international best practice, so that necessary amendments can be submitted before its final adoption by Parliament. In addition, the project will assess the possibilities for the introduction of new social security benefits, including health insurance coverage and a voluntary second-tier pension scheme. The project will finally deliver

Project symbol

JOR/11/02/JOR

Admin unit

RO-Arab States/DWT-Beirut

Start date

01/02/2012

End date

31/03/2016

Total allocation

457504

Total expenditure

Status

Closed

457504

Development Partners

Jordan, Social Security Corporation

Country/Countries

Jordan

Outcomes

Creating and extending social protection floors