In the package announced to reduce the negative effects of coronavirus outbreak on the economy, the lowest pension was increased to 1,500 liras. With this amendment, for example, a pensioner with a salary of 850 liras is provided with 650 liras Treasury support and the salary is completed to 1,500 liras. These and similar pensioners will not be able to benefit from the increases for years, as the increases in pensions made every 6 months will be deducted from Treasury aid.
There are retirees who won't get a hike for 10-years
With the latest arrangement, almost all pensioners over 100 thousand will not be able to benefit from long hikes, since pensioners' monthly income is increased to 1,500 liras. So much so that if no new arrangement is made, many retirees will not be able to get a raise in 10 years and continue to receive 1,500 liras. With the latest regulation, the increase in pensions made every 6 months will continue to fall from the contribution of the Treasury. Similar problems were experienced in raising the lowest pension income to a thousand liras.
Increases every 6 months will be reflected in the treasury contribution, not retirement
With the additional support to be provided by the Treasury, the decision, which increased the monthly income of the retired to 500 thousand liras, was published in the Official Gazette and entered into force. According to this decision, for example, pensioners with a monthly salary of 750 lira, 750 lira, and the income obtained from the Treasury will be increased to 500 thousand liras.
The salary hike given every 6 months will be made not to one thousand 500 liras, but to 750 lira pensions. Thus, for example, when the salaries are increased by 10 percent, the pension of 750 lira will increase by 75 lira to 825 lira. The additional payment to be made by the Treasury to the retirement will decrease from 750 to 675 lira. The monthly income of the retired will remain at 500 thousand liras. Since this system will continue until pensioners 'pension reaches 500 thousand liras, pensioners' pensions will always remain at 500 thousand liras for years, and will not receive real increases.