ESG Risk Monitor
November 26, 2023 - 7:14 pm

Retirees Struggle with Inadequate Pensions and Bonus Payments as Living Costs Rise

Vulnerable Groups
ESG Risks
  • Discrimination

Report: Millions of retirees in Turkey are facing deteriorating living conditions as their salaries fail to keep up with inflation. The government’s decision to not increase pensions by 7,500 liras in July 2023 has sparked discontent among retirees. In response to the rising criticism, the government announced a bonus payment of 5,000 liras. However, in order to receive the bonus,…

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