Turkey to Raise Lowest Pension in July, Mid-Year Minimum Wage Hike Unlikely
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Labor and Social Security Minister Vedat Işıkhan announced that the lowest retirement pension in Turkey will be increased in July, following the release of inflation data. However, a mid-year raise in minimum wage appears unlikely based on current signals.
During a closed-door meeting with AK Party lawmakers, Işıkhan addressed critical concerns around pensions, minimum wage, and Bağ-Kur retirement eligibility. According to Türkiye Gazetesi, the primary topic raised by MPs was the growing hardship faced by retirees across the country.
Retirement Pensions to Be Increased After Inflation Data
Lawmakers reportedly told the minister that pensioners’ cost-of-living struggles were the most frequent complaint heard in their constituencies. In response, Işıkhan confirmed that the government—through coordination with the Finance Ministry and the Presidency—is working on a new adjustment for pensions.
The increase in the lowest pension will be finalized after July 3, when the latest inflation figures are released, he said.
MPs also emphasized that a mere inflation-based raise may be insufficient to meet pensioners’ basic needs.
AK Party Acknowledges Millions on Minimum Pensions
AK Party Deputy Group Chair Leyla Şahin Usta echoed these concerns in a parliamentary session, noting:
“We are fully aware that nearly four million retirees are receiving the lowest pension. Work is ongoing, and we will soon share details with the public.”
This reflects rising pressure on the government to provide targeted relief for the lowest-income retirees.
Minimum Wage Adjustment Not Expected in July
Another key point discussed was the possibility of a mid-year increase in the minimum wage. Based on the meeting, Işıkhan reportedly downplayed this option, suggesting the government does not plan to revise the minimum wage in July.
Despite rising inflation and calls for wage adjustments, the government appears focused on annual rather than interim wage reviews.
Bağ-Kur Reform Still Under Discussion
The issue of reducing the required number of premium days for Bağ-Kur retirees—from 9,000 days to 7,200 days—was also raised. While Işıkhan confirmed this promise remains on the table, he clarified that no official timeline exists yet.
“This decision cannot be made solely by the Ministry. It must take into account the sustainability of the social security system, especially the balance between active workers and retirees,” he said.
Final decisions on Bağ-Kur reforms and pension hikes will hinge on inflation indicators due in early July.