Minimum pension proposal reaches Parliament: What will the new base monthly income be?

Turkey's Parliament is set to consider a proposal to raise the minimum pension amount to 23,552 Turkish Lira, following the release of June inflation figures. This adjustment aims to provide a higher baseline income for millions of retirees across the country.

The latest inflation data from the Turkish Statistical Institute (TÜİK) has finalized the salary increase rates for pensioners and civil servants for July. According to the figures, SSK and Bağ-Kur pensioners will see their pensions rise by 17.76%. Meanwhile, civil servants and retired civil servants are set to receive a 13.52% increase.

The legislative proposal for the minimum pension adjustment was formally submitted to the Grand National Assembly of Turkey by the ruling AKP party. This move comes as millions of retirees and civil servants eagerly awaited the confirmation of their salary adjustments based on the official inflation data.

The government's initiative to set a higher minimum pension aims to address the financial concerns of retirees, particularly in light of prevailing economic conditions. The increase is expected to offer some relief and improve the purchasing power of the lowest-earning pensioners.