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Pensions in Turkey can be public or private. Article 60 of the 1982 Turkish constitution (similar to Article 48 of the 1961 constitution) states that "Everyone has the right to social security and the State shall take the necessary measures and establish the organization for the provision of social security." [1]
In 1983, the Ministry of Labour and the Ministry of Social Security were merged into the Ministry of Labour and Social Security. In 2018, the ministry was merged with the Ministry of Family and Social Policy. [2] [3] This merger was undone in 2021, making the Labour and Social Security related tasks headed by a separate minister again. [4]
Total net social spending in terms of percent of GDP, takes into account public and private social expenditure, and also includes the effect of direct taxes (income tax and social security contributions), indirect taxation of consumption on cash benefits, as well as tax breaks for social purposes.
Seniors may qualify for Social Security retirement benefits if they worked long enough to earn 40 credits (where one credit is defined as $1,810 in earnings in 2025), and you can earn a maximum of ...
A separate analysis from the Center on Budget and Policy Priorities found that the poverty rate for adults aged 65 and above would be nearly four times higher if Social Security didn't exist -- 10 ...
Social Security benefits will likely play an important part in your retirement income. After all, nearly nine out of 10 people aged 65 and older were receiving benefits as of June 30, 2023.
It was established by the Social Security Institution Law No:5502, which was published in the Official Gazette No: 26173 on June 20, 2006. This brought five different retirement systems that affected civil servants , contractual paid workers, agricultural paid workers, and self-employed workers into a single retirement system offering equal ...
Image source: Getty Images. 1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January ...