Minister Şimşek announced: New regulation for retirees on the way

Turkish Treasury and Finance Minister Mehmet Şimşek announced that a new legislative package on pension payments is in preparation and will cover all retirees. Şimşek said the planned increases will take into account retirees' age and the number of premium payment days. The move signals the government is reshaping how pension raises are calculated rather than applying a uniform adjustment. Details of the draft law, including the size of the increases and the weighting of age and contribution periods, have not yet been disclosed. Investors and households will watch for the bill's submission to parliament and its projected cost to the budget.