Turkish Parliament Adopts Bill On Social Security

ANKARA - Turkish parliament adopted a bill which envisages amendment to Social Security and General Health Insurance Law on Thursday.
According to the newly adopted law, the retirement age will be raised to 65 for both women and men in 2048. The retirement age was previously 58 for women and 60 for men.
The law raises the number of days they have to work in order to retire from 7,000 to 7,200 as well.
The law also provides that the updating coefficient used while calculating the retirement pensions will be determined according to the Consumer Price Index (CPI) and Gross Domestic Product (GDP) figures announced in December every year.
Turkish parliament began discussing the social security bill on March 27th.
(DO-BRC)