Preparations to change the system used for calculating pension payments have been included in the 2027 Presidential Annual Program. The program was published in the Official Gazette on October 27 with the signature of AKP Chairman and President Recep Tayyip Erdoğan.
The program envisions a re-evaluation of the pension calculation method used to determine retirement benefits as part of regulations concerning the social security system. The study aims to structure the system in a way that encourages employees to remain in the workforce for longer periods.
Another topic in the preparation of the new regulation is the burden on the social security budget. The program emphasizes the goal that the changes to be made should not create an additional financial burden on the budget.
To clarify the process, it is planned that the Ministry of Labor and Social Security, the Ministry of Treasury and Finance, the Presidency of Strategy and Budget, and the Social Security Institution will conduct joint work.
The details of the regulation, the pension accrual rates, or the potential effects on current retirees and employees preparing for retirement have not yet been announced. Concrete steps regarding the new system are expected to become clear once the study is completed.
News Source: 12punto
