Proposed legislation by AKP seeks pension adjustment for minimum recipients
In a move aimed at addressing inflation and protecting retirees, the Justice and Development Party (AKP) has announced plans to adjust the lowest retirement salary in Turkey. The proposed adjustment is part of a bill submitted by the AKP on June 30, 2025.
The Turkish Statistical Institute (TÜİK) is set to announce inflation figures for June on July 3, 2025. These figures will determine the monthly increase rate for civil servants and retirees, potentially influencing the adjustment to the retirement salary.
The work on the regulation for this adjustment was conducted under the instructions of President Recep Tayyip Erdoğan and coordinated by Vice President Cevdet Yılmaz. The discussion of this proposal will take place in the parliamentary planning and budget committee on July 3, alongside the release of inflation data.
Currently, approximately 4 million retirees in Turkey receive the lowest retirement salary of 14,469 Turkish liras, which equates to around $360. Notably, the proposed adjustment will not affect retirees whose base salaries are below the minimum but are supplemented to reach it, as they will continue receiving the same amount in the second half of the year.
Leyla Sahin Usta, an AKP lawmaker, emphasized the government's focus on protecting and looking after retirees and those in need. However, opposition voices, such as those from the CHP, have expressed concerns that current pension levels often fall below the hunger threshold, underscoring the need for more substantial adjustments to counteract inflation's impact on purchasing power.
As the proposal moves forward, the focus remains on finding a balance between addressing inflation and ensuring the well-being of Turkey's retirees. The outcome of the discussion in the parliamentary planning and budget committee on July 3 will provide further insights into the potential adjustments to come.
The adjustment to the lowest retirement salary in Turkey, proposed by the Justice and Development Party (AKP), may be influenced by the inflation figures announced by the Turkish Statistical Institute (TÜİK) on July 3, 2025. This discussion, taking place in the parliamentary planning and budget committee on the same day, is a significant step towards finding a balance between addressing inflation and ensuring the well-being of Turkey's retirees, which is a matter of both personal-finance and general-news interest, given the impact on millions of retirees in Turkey.
