Türkiye weighs retirement reform for housewives: Minister

3 hours ago


The Turkish government is working on a plan to reform retirement rights for housewives and the issue will be brought to the agenda in the coming months, Labor and Social Security Minister Vedat Işıkhan said on Wednesday

“We are working on a proposal concerning the retirement of housewives. After preparing the groundwork and completing the study in June and July, we will present it to the Economic Coordination Board,” Işıkhan told reporters in the Parliament.

Asked what the regulation would include, the minister said: “We haven’t finalized the content yet.”

“We need to conduct a proper analysis. We have to understand very clearly the eligibility and scope of housewives’ retirement rights. We’ll be looking at factors such as the number of children, whether the individual is disabled, and total periods of service,” said Işıkhan.

The minister also addressed questions of a possible mid-year raise for minimum wage earners.

“It’s too early to talk about an interim increase in the minimum wage. When the time comes, we will make the necessary assessments,” he noted.

Türkiye had hiked the minimum wage for 2025 by 30%. It had delivered a nearly 50% increase last year but skipped the mid-year increase, unlike in 2023, while tackling inflation.

Annual inflation slowed to 37.9% in April, the lowest level since December 2021.

The Daily Sabah Newsletter

Keep up to date with what’s happening in Turkey,
it’s region and the world.


You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Keep exploring EU Venture Capital:  CPP & OAS Changes Coming in 2025 – How Much Will You Really Receive?



Source link

EU Venture Capital

EU Venture Capital is a premier platform providing in-depth insights, funding opportunities, and market analysis for the European startup ecosystem. Wholly owned by EU Startup News, it connects entrepreneurs, investors, and industry professionals with the latest trends, expert resources, and exclusive reports in venture capital.

Leave a Reply

Your email address will not be published.