Preparing the Strategic Plan of the SSO Investment During 2014-2019

The current law of the Social Security Organization of Iran dates back to 1975, in which one of the financing resources is investment. Before 1986, investment had been merely limited to depositing and after that the Social Security Investment Company (SSIC) was established as an independent entity in which all the affairs related to investment, mostly high risk assets, have been performed.

For some factors such as decreased support ratio, low retirement age, etc., and also being influenced by the governmental entities 19 policies and the laws and regulations, the SSO has got vast liabilities leading to liquidity deficit in 2006.

Before this, there was not any meaningful relation between the SSO and the SSIC which led to investments without taking into account the provident fund, the amount of risky and non-risky assets as well as the due date of the liabilities.

The resources of the investment section did not play any role in financing the liabilities before the liquidity deficit. But now the role of the interests gained through investment is of high importance for financing the liabilities and financial balance.

In order to adapt the investment portfolio with liabilities due date and following investment principles of pension funds, we were committed to prepare the strategic plan of investment section of the Organization with a focus on short term and long term liabilities within two years of study and execution. Finally, the Investment Strategic Plan was ratified by the Board of Directors and Board of Trustees of the SSO in 2014 and communicated to investment sections of the Organization to be executed. The fulfilled stage contains drafting the mission, vision, values, investment areas acquaintance based on internal and external factors, preparation of SWOT matrix, preparation of final strategies, strategic plan, functional programs and preparation of BSC charts.