Ammon News - Minister of Labor, Khaled Bakkar, warned that maintaining the current structure of the Social Security Corporation could lead to an inability to meet obligations by 2050.

Speaking during a parliamentary Labor Committee session on Tuesday, Bakkar said the first breakeven point for social security is projected for 2030, noting that between 2030 and 2035, the system is expected to face a financial shortfall, which would be covered by investment returns amounting to approximately JD 500 million.

The fund is expected to return to stability after 2035, the minister added. He also highlighted that under the current structure, every 4.8 contributors support one retiree, and noted that the government analyzed 80 different scenarios before proposing amendments to the Social Security Law.