{"id":41440,"date":"2023-04-13T17:59:13","date_gmt":"2023-04-13T14:59:13","guid":{"rendered":"https:\/\/f-chain.com\/?p=4222"},"modified":"2023-04-13T17:59:13","modified_gmt":"2023-04-13T14:59:13","slug":"turkish-parliament-oks-bill-to-enable-early-retirement-for-millions-az","status":"publish","type":"post","link":"https:\/\/az.f-chain.com\/az\/turkish-parliament-oks-bill-to-enable-early-retirement-for-millions-az\/","title":{"rendered":"Turkish Parliament OKs bill to enable early retirement for millions"},"content":{"rendered":"

[vc_row][vc_column width=”2\/3″][vc_column_text]<\/p>\n

 <\/p>\n

The Turkish Parliament has ratified a bill that eliminates an age requirement and offers early retirement to millions of citizens, a move that has been one of the key election pledges of the ruling party.<\/p>\n

Approved by Parliament in a vote late on Tuesday, the new arrangement put forward by the Justice and Development Party (AK Party) will\u00a0allow more than 2 million workers to retire<\/strong><\/a>\u00a0in the first stage.<\/p>\n

The measure will benefit people who started working before September 1999, when the law regulating retirement requirements changed, and those who have completed 20-25 years of social security-registered work.<\/p>\n

Previously, the retirement age was set at 58 years for women and 60 for men.<\/p>\n

President Recep Tayyip Erdo\u011fan earlier said 2.25 million people would be eligible to retire immediately, regardless of age, if they fulfilled necessary work conditions.<\/p>\n

There are currently about 13.9 million pensioners in T\u00fcrkiye.<\/p>\n

Labor and Social Security Minister Vedat Bilgin has said the new system could cost around TL 150 billion ($7.9 billion) this year.<\/p>\n

But he stressed the exact figure is currently hard to estimate \u201cbecause we don\u2019t know how many people will immediately decide to get retired under the new system.\u201d<\/p>\n

Bilgin on Wednesday said the first pensions under the system would be paid as of April.<\/p>\n

The cost of the arrangement is likely to increase in the coming years as the number of employees benefiting from the plan is expected to rise and could reach some 5 million, a senior official earlier told Bloomberg News.<\/p>\n

The move is seen as giving a boost to Erdo\u011fan before the critical upcoming elections, whose timing has been uncertain since last month\u2019s devastating earthquakes that caused widespread destruction in the south of T\u00fcrkiye and killed more than 45,000 people.<\/p>\n

But Erdo\u011fan on Wednesday indicated that\u00a0presidential and parliamentary elections would be held on May 14<\/strong><\/a>, sticking to his previous plans.<\/p>\n

The government tripled the minimum wage in the past year,\u00a0raised state salaries<\/strong><\/a>\u00a0and hiked pensions for millions to ease the pressure on households stemming mostly from soaring inflation.<\/p>\n

The annual consumer price index (CPI) fell sharply in December and\u00a0eased to 57.7% in January<\/strong><\/a>, down from the peak of 85.5% \u2013 a 24-year high \u2013 registered last October.<\/p>\n

Data on Friday is forecast to highlight\u00a0inflation dropped to 55.5% in February<\/strong><\/a>, according to surveys published on Monday.<\/p>\n

The minimum wage has been\u00a0increased by 55% for 2023<\/strong><\/a>\u00a0and Erdo\u011fan said it might be hiked again throughout the year if necessary.<\/p>\n

The government last year introduced several relief measures to help cushion the fallout from inflation, including a cap on rent increases, reduced taxes on utility bills and the unveiling of a major housing project for low-income families.<\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/3″][vc_single_image image=”4224″ img_size=”full”][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column width=”2\/3″][vc_column_text]   The Turkish Parliament has ratified a bill that eliminates an age requirement and offers early retirement to millions of citizens, a move that has been one of the key election pledges of the ruling party. Approved by Parliament in a vote late on Tuesday, the new arrangement put forward by the Justice<\/p>\n","protected":false},"author":1,"featured_media":45786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,21],"tags":[],"class_list":["post-41440","post","type-post","status-publish","format-standard","hentry","category-feautured-post-ru","category-news-ribbon-ru"],"acf":[],"yoast_head":"\nTurkish Parliament OKs bill to enable early retirement for millions - FChain<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/az.f-chain.com\/\" \/>\n<meta property=\"og:locale\" content=\"az_AZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turkish Parliament OKs bill to enable early retirement for millions - FChain\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column width=”2\/3″][vc_column_text]   The Turkish Parliament has ratified a bill that eliminates an age requirement and offers early retirement to millions of citizens, a move that has been one of the key election pledges of the ruling party. 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