Actuarial Calculation of Iranian Social Security Organization as of 21 March 2014

To determine whether or not the Iran social security organization is sustainable over the long-term, periodic actuarial reviews are conducted. Also the policies and decisions that are being implemented in a social insurance plan undoubtedly will bring results and consequences in the future. This article is being conducted at a time when many social security schemes around the world are reforming their systems. Such changes have become necessary to counter the effects of ageing populations, projected cash shortfalls and declining public confidence in these programs. In IRAN we face similar circumstances - falling birth rates, increasing life expectancy special among the elderly, a contribution rate that is below the average cost of benefits and a pensioner population that is growing at a faster rate than the number of contributors. Along with a review of the Fund’s position as of march 21th, 2014, this report includes projections of ISSO income, expenditure and reserves through 2090. We use ILO-PEN Model of International Labor Organization and real data to calculating actuarial aspects of ISSO.