New Regulation and Adjustment Formula for Retirement Pensions on the Agenda

Following President Erdoğan's statement that a legal regulation could be made until the end of the year, formulas for retirement pensions such as an adjustment regulation, gradual increase based on premium days, base pension, and welfare share have begun to be discussed.

With the adjustment regulation, eliminating the differences between the pensions of retirees with similar premiums and earnings may come to the agenda. According to the evaluation of Takvim Newspaper Editor-in-Chief Faruk Erdem, options such as determining a new base pension with resources to be created from the budget or gradually increasing base pensions starting from the lowest pensions can be evaluated. While making a change in the calculation system of retirement pensions is among the possibilities, a welfare share regulation in addition to the inflation increase to be made at the end of the year may also arrive.

Faruk Erdem stated on the A Haber live broadcast that the statement has two important dimensions; the first of which is increasing the resource allocated to the Social Security Institution in the 2027 budget, and the other is the possibility of a permanent solution to the structural issues that have long been on the agenda of retirees. While it was expressed that a gradual pension increase based on the number of premium days and working period could come to the agenda, all eyes turned to the details of the study following President Erdoğan's statement that a legal regulation could be enacted by the end of the year.