When will the pension increase be announced? The first step towards an increase in pensions…

Pensioners who did not receive a raise in July and are trying to make ends meet with their salaries below the hunger threshold are waiting for a pension increase. In 2018, when the New Economic Model came into force, the lowest pension was 1,578 liras and with this money you could buy 8.1 grams of gold. Today, the minimum pension is 7,500 lira, but with this money you can only buy 4.3 grams of gold. The pension lost 3.8 grams of gold.

WHEN WILL RETIREMENT INCREASE?

AKP Chairman and President Recep Tayyip Erdoğan spoke at his party’s 4th Extraordinary Congress.

Stating that they are determined to solve the cost of living problem by taking all necessary measures, Erdoğan said: “Hopefully, we will continue to give new good news to our workers, civil servants and retirees in the coming period. Our ministry is working on the salaries of our retired civil servants. “I hope we can announce our new good news to our retired officials after our first cabinet meeting,” he said.

Minister of Labor and Social Security Vedat Işıkhan stated that he will share with the public after the cabinet meeting the study on Bağ-Kur workers, civil servants and retirees, which President Recep Tayyip Erdoğan called “good news.”

INCREASE OF 8 THOUSAND 77 LIRA FOR RETIREMENT SALARY

TÜED President Kazım Ergün assessed the provisional expectations of retirees. Recalling the opening of the new legislative year of the Grand National Assembly of Turkey, Ergün said: “Civil servants received a continuous increase of 8.77 lira, starting in July. Since the regulation is expected to be adopted in October, retirees should receive a prorated increase of 8.77 lira, the same as civil servants. Furthermore, the retiree’s base salary of 7,500 lira was insufficient. “The lowest pension should be increased at least to the level of the minimum wage,” he said.