This is how the pensioner’s salary was melted in 20 years

Minimum The salary was increased by 55 percent to 8,506 lira by 2023, but a 30 percent salary increase was made for retirees. Although the pension has been declining against the minimum wage in the last 20 years, the gap between the two salaries has widened in 2023. According to data compiled by Euronews from the Social Security Institution (SGK) and the Ministry of Labor and Security Social, in January 2003, the lowest pension in 4/A was 332 TL, while the minimum wage was 226 TL. Consequently, 20 years ago, the lowest pension was 47 percent higher than the minimum wage. In January 2023, the net monthly minimum wage rose to 8,506 lira, and the lowest pension was 5,871 lira. In other words, the lowest 4/A pension today is 31 percent below the minimum wage. The lowest pension, which is 5,500 lire, is 35 percent below the minimum wage. When comparing the minimum wage and pensions and the lowest 4/A minimum wages between the years 2001-2023, in 2001, which was called the economic crisis, the pension was more than 1.5 times the minimum wage. Although this rate dropped to 1.31 times in 2002, when the AKP came to power, a gradual decline began in the following years.

THE DIFFERENCE IS INVERSE

While the lowest pension in 4/A was 47 percent higher than the minimum wage in 2003, the gap between the two wages, which were nearly equal in 2015, reversed and began to widen again. When we get to 2023, the minimum wage, which has risen to 8,506 lira, is 45 percent more than the lowest pension in 4/A.

Accelerated melting as of 2015

2015In 2016 there was a first in terms of the difference between the pension and the minimum wage, which decreased to 1.09, and this ratio dropped to 0.97. The rate, which fell to 0.86 in 2021, decreased to 0.74 in the first half of 2022 and to 0.69 in the first half of 2023. In other words, the lowest 4/A pension was 31 percent higher. lower than the minimum wage.