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Increase in Minimum Pension to 14,469 Pounds

A new law proposal has been adopted by the Turkish Parliamentary General Assembly, affecting approximately 3.9 million retirees. The law, which includes amendments to various regulations related to the economy, was approved during the General Assembly session.

One of the key changes brought by the new law is the increase in the lowest pension amount. Previously set at 12,500 Turkish lira, the minimum pension has now been raised to 14,469 Turkish lira, representing a 75 percent increase.

Additionally, the law includes provisions for minimum wage support for employers. This support, which was initially introduced in 2016, has been increased to 1,000 Turkish lira for the year 2025. The objective behind this measure is to encourage formal employment and safeguard job opportunities for workers.

Overall, these legislative changes aim to provide better financial support to retirees and incentivize formal employment practices in Turkey.

 

Hostinger

Pools Plus Cyprus

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