In the last 10 years, pensions have decreased from $466 to $191. In other words, there was a loss of 275 dollars in income. The lowest pension is $260 below the minimum wage in dollars.
After the minimum wage hike, the eyes were turned to civil servants and pension increases.
If standard practice continues and the inflation gap, plus a few percentage points of welfare, is added, it reaches a maximum of around 20 percent. However, if the increase is at this level, retirees and civil servant salaries will be far from meeting the high income loss resulting from high inflation.
According to Bloomberg HT’s table that gives the lowest pension (still 3 thousand 500 TL) in dollars, pensions have decreased from 466 dollars to 191 dollars in the last 10 years.
In other words, there was a loss of 275 dollars in income. The lowest pension is $260 below the minimum wage in dollars.
With the latest hikes, the minimum wage has come to $450. Even this figure is one of the lowest minimum wage levels among European countries. Turkey stays above only 3-4 countries. It is very close to the hunger limit announced by Türk – İş and will be below the hunger limit in a few months. It is already below the hunger limit (9 thousand TL) announced by United Kamu – İş. Even for the hunger limit, a 130% raise is required.
The lowest current pension (3 thousand 500 TL) does not even reach half of the Turkish – Job hunger limit (7 thousand 785 TL). In December, the hunger limit will reach the level of 8 thousand TL. Even to bring the lowest pension to the hunger limit, a 130 percent increase is required. Even if this happens, hundreds of thousands of retirees with low wages will continue to spend their retirement at the “starvation line”.
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