The cap removal will allow more than 2 million workers to retire immediately
Turkey’s President Recep Tayyip Erdogan today abolished retirement age limits, a decision that will allow more than 2 million workers to retire immediatelyless than six months before the presidential election.
This announcement was made at a press conference given by Erdogan at the presidential palace.
The ruling Justice and Development Party (AKP) made a bold move to raise the minimum wage last week as part of a campaign launched to win back voter support that has been eroded by inflation, a falling pound and the sharp deterioration of living conditions.
The retirement age was until now 58 for women and 60 for men. It is unclear how much the new system will cost, but Erdogan said 2.25 million people are eligible to retire immediately.
Today, pensioners in Turkey amount to 13.9 million.
Unions have been protesting for many years calling for the removal of age limits and for workers to retire after completing the required number of working days. The decision is expected to give Erdogan a boost ahead of crucial elections in June.
In his two decades in power, Erdogan has cracked down on dissent and in recent years has adopted an unorthodox economic policy that has plunged the lira to a tenth of its value against the dollar, compared with its parity a decade ago.
Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.
With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
