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satisfaction for millionsTurkey drops the retirement age requirement

by John Pierce
July 3, 2023
in Business
2 min read
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Turkish President Recep Tayyip Erdogan said that Turkey has abolished the retirement age requirement in a news conference late on Wednesday, in a move that allows more More than two million workers are retiring immediately.

the new arrangement will benefit people who He started working before September 1999, when the law regulating retirement was passed requirements changedAnd the who Completed 20-25 years of social Registered security jobs.

thousands of citizens, who want to me use Their right to retire by benefit of the new regulation, lined up in In front of me of Start-up of Social Security Corporation (SGK) buildings nationwide in in early time hours of Thursday.

Previously, it was the retirement age set At 58 years old for women And at 60 for men. Not yet clear how Much new system The cost will be 2.25 million, but Erdogan said people They were eligible to retire immediately. over there currently 13.9 million retirees in Turkey.

“With great heights in minimum wage, public Salaries and pensions, we have already appears and continues show to stand with fixedIncome employees who Suffering from global crisis effects on Erdogan said.

The state has massively raised the minimum wage last a week as part of a campaign to me shield Citizens from inflation.

The minimum wage has been raised by 54.5% and will be in effect of January 1, 2023.

the net less pay for per person will be 8,500 TL (455 USD) per month, up From 5,500 TL.

It was Turkish families struggling with the highest economic inflation in more of two decades. The annual inflation rate has decreased below 85% last 24-month after touchingyear high in October. it is expected that decline sharply in The next period as a result of Al-Qaeda effect Low global energy prices.

The increase of 55% is the third increase in the past year. The state enacted a 50% increase in the beginning of 2022, which raised the minimum wage to 4,250 TL. Then it was decided to raise the minimum wage in Country again increased by 30% in the middle of the year in In an effort to protect families from rising inflation.

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