What will be the situation of the pensioner who receives 7,501 lire?
with inflation The government, which tried to eliminate the rising cost of living with wage increases instead of fighting to level the economy, has now rolled up its sleeves to make an electoral increase for the pensioner.
President Tayyip ErdoÄŸan said they will increase the minimum pension from 5,500 lira to 7,500 lira. However, no increase has been announced for retirees who receive a monthly salary of 7,501 lira or more. If the electoral increase is limited to increasing the minimum pension to 7,500 liras, what will be the situation of the 6-7 million retirees who receive a pension of 7,501 liras or more?
Only raising the lower limit will lead to a new injustice among millions of retirees. For example, a pensioner with a salary of 5,500 lira will receive an increase of 2,000 lira, while a pensioner with a salary of 7,499 lira will receive an increase of 1 lira. Those with a pension of 6,500 lira will be content with an increase of 1,000 TL, and those with 7,000 lira will be content with an increase of 500 TL. The pensioner, whose monthly salary is 7,501 liras, will not receive any increase. Because you will have missed the walk with only 1 lira. Retirees who are below the minimum wage and the hunger limit will not be able to see an increase. With the new hike, it is claimed that approximately 7-8 million of the 13.5 million retirees will receive the lower pension.
UNREGISTERED WILL INCREASE
Simply raising the lower limit will also disrupt the pension system. Those who pay premiums for 10 years and those who pay premiums for more than 30 years will receive the same pension. To the extent that the link between the premium payment period and the pension will be broken, informality will increase, employee wages will be low, and the balance of the SGK will deteriorate further. For the increase to be implemented, Turkey’s Grand National Assembly must pass a law. For this purpose, the presentation of a new stock exchange invoice is foreseen.
The holiday bonus should be 5300 TL
The vacation bonus was given to retirees for the first time in the 2018 presidential election in the amount of 1,000 lira, and was not increased by 1 cent for 3 years until it was increased to 1,100 lira last year. The increase in the vacation bonus was finalized before the elections, but the rate was not announced. It is established that the bonus will be at least 2 thousand lira, but will not exceed 5 thousand 500 lira. In 2018, when the bonus was first awarded, it amounted to 62 percent of the minimum wage. To increase purchasing power to the same level, the bonus must be 5,300 lira.
Source: Sozcu

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.