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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]
The Ministry of Labour and Social Security (Turkish: Çalışma ve Sosyal Güvenlik Bakanlığı) is a government ministry office of the Republic of Turkey, responsible for labour and social security affairs in Turkey. The ministry is headed by Vedat Işıkhan. [1]
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 ...
The Social Security Administration wants to allow people the option to claim either early or late and ideally get around the same total amount of lifetime benefits.
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.
The average Social Security benefit is a far cry from this maximum, coming in at just $1,787.31 as of May 2023. According to the Social Security Administration, 37% of men and 42% of women receive ...
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 ...
Issues considered to determine if a worker is covered under either Social Security and Medicare in the United States, or the social security system in a foreign country include where the worker resides and whether the employment in a foreign country is short-term or long-term. As of January 2025, the U.S. has 30 active totalization agreements.