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Ammon News - AMMONNEWS - Prime Minister Abdullah Ensour on Sunday urged the Joint Finance and Labor parliamentary ad-hoc committees not to link early retirement benefits with inflation, warning that such a measure in the law would lead to pay discrepancies and the "bankruptcy" of the Social Security corporation by 2048.

Ensour stressed during his meeting with the joint parliamentary committee the need to protect the social security fund, noting that flaws in the current law need to be amended to avoid financial bankruptcy of the fund.

He urged lawmakers not to link early retirement pay with inflation, noting that such a measure would lead to pay discrepancies where early retirees would get more pay than those who retire at age 60.

On his part, Head of the committee MP Adnan Ajarmeh stressed the committee members' keenness to maintain the sustainability of the corporation, and to protect the rights of subscribers.

Ajarmeh said that the committee raised the early retirement age from 45 to 50 years old, and raised enrollment for males to 252 months, and 220 months for females.

On his part, Minister of Labor Nidal Qatamin noted that Jordan is the only country that set the early retirement age at 45, adding that the majority of countries the have early retirement plans set the early retirement age at 50 and above.