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Home > Economy News > Minister Şimşek's statement on flat-rate pension increase: Different for every retiree

Minister Şimşek's statement on flat-rate pension increase: Different for every retiree

Minister of Treasury and Finance Mehmet Şimşek stated that the technical work aimed at supporting the purchasing power of retirees has not yet been completed. Noting that the increase to be made may vary according to age and the number of premium payment days, Şimşek stated that the final work will most likely be completed in December.

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Published: 05.11.2026 21:52 Updated: 05.11.2026 21:52
Minister Şimşek's statement on flat-rate pension increase: Different for every retiree

A new statement has come from Minister of Treasury and Finance Mehmet Şimşek regarding the pension regulation announced by AKP Chairman and President Erdoğan.

In his statement, Minister of Treasury and Finance Mehmet Şimşek used the following expressions:

"The technical work we are conducting to support the purchasing power of our retirees has not yet been completed.

The regulation will cover all our retirees.

We believe it would be appropriate for the increase to be made to vary according to our retirees' age and number of premium payment days.

I think the final work will most likely be done within December and will be brought to your appreciation immediately after the budget."


News Source: 12punto

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AKP President Erdoğan Retiree Minister of Treasury and Finance Mehmet Şimşek