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The Social Security Institution (SSI) (Turkish: Sosyal Güvenlik Kurumu (SGK)) is the governing authority of the Turkish social security system. It was established by the Social Security Institution Law No:5502, which was published in the Official Gazette No: 26173 on June 20, 2006.
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]
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.
Social Security benefits are eligible for an annual cost-of-living adjustment, or COLA. COLAs are automatic and are tied to inflation so that if there's a year when living costs rise substantially ...
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 ...
But the differences between the maximum possible 2025 Social Security benefit at 62, 67, and 70 show the value of delaying benefits as long as possible.
Social insurance system: N/A: N/A Belgium: Social assistance: Social insurance system: N/A: N/A Bhutan: No: Provident fund system: No: N/A Botswana: Basic pension: No: No: N/A Brazil: Social assistance: Social insurance system: N/A: N/A Brunei: Basic pension: Provident fund system: Supplementary individual account: N/A Bulgaria: Social ...
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]