Minister Işıkhan's statement on the pension increase: It will be fair and equitable

Turkish Labour and Social Security Minister Vedat Işıkhan said the government is weighing multiple options for a pension increase and is working on a model that covers all retirees and is fair and equitable. He said inflation and year-end inflation differentials will be taken into account in setting the minimum pension. The remarks signal that the size and structure of the adjustment remain undecided ahead of an expected announcement. Investors and households will watch the year-end inflation data and the final minimum pension level to gauge the scale of the increase and its cost to the budget.