07.11.2026 08:51
Vice President Cevdet Yılmaz announced the details of the welfare regulation that concerns millions of retirees. Yılmaz, noting that work covering all retirees has been carried out, said that different options are being evaluated to provide support above inflation. Stating that the regulation is aimed to be submitted to Parliament before the end of the year, Yılmaz noted that retirees will feel the impact of the new practice as of the beginning of 2027.
Vice President Cevdet Yılmaz made important statements on the economic agenda in the television program he attended. Evaluating many topics from retirement pensions to the minimum wage, from the fight against inflation to the fund investigation in capital markets, Yılmaz particularly provided information on the timetable of the new regulation being prepared for retirees.
WILL COVER ALL RETIREES
Stating that efforts to increase the incomes of retirees have been ongoing for a long time, Yılmaz explained that the aim is to provide support above inflation. Emphasizing that the regulation is not limited to a specific group of retirees, Yılmaz said that different alternatives are being evaluated and that the final work will be submitted to Parliament.
Yılmaz said, "We have been working for a long time on a welfare regulation for retirees. Work is being done for support above inflation. We will make a regulation by the end of the year. There is work concerning all retirees. Different alternatives are being worked on. In the end, it will be presented to Parliament."
GAVE A DATE FOR THE RETIREMENT REGULATION
Also speaking about when the work would be implemented, Yılmaz stated that he expects the regulation to be submitted to the Grand National Assembly of Turkey before the new year. Yılmaz said, "I think it will definitely be submitted to Parliament before the new year. We will feel its effect starting from the beginning of next year."
No finalized figure has yet been announced regarding the increase rate to be applied in the new regulation or the amount of the additional payment to be made to retirement pensions.
THE PROCESS HAS NOT YET STARTED FOR THE MINIMUM WAGE
Yılmaz, who also made assessments regarding the 2027 minimum wage, said that official negotiations have not yet started. Reminding that the minimum wage is not determined by the government alone, Yılmaz stated that the decision will take shape at the end of a process involving worker, employer and public representatives.
Yılmaz said, "The minimum wage is not a decision made by the government on its own. There are three parties. That process has not yet started regarding the minimum wage. I hope it will take shape in balance."
29.77 PERCENT EMPHASIS ON INFLATION
Evaluating the latest inflation data, Yılmaz stated that the figures came in somewhat above expectations. Recalling that annual inflation is at 29.77 percent, Yılmaz said that improvement was experienced especially in service items.
Expressing that the war had a 7-point effect on inflation, Yılmaz stated that in the coming period fiscal policy will provide stronger support to the fight against inflation.
113 PEOPLE ARRESTED IN FUND INVESTIGATION
Also announcing the latest figures regarding the fund investigation in capital markets, Yılmaz said that manipulation and market fraud were detected in some funds. Stating that within the scope of the decisions taken on September 17, restrictions were imposed on 131 funds, Yılmaz stated that these funds constitute 7 percent of the total portfolio value.
Yılmaz said, "The investigation is being conducted comprehensively. In the judicial process, 113 of 444 suspects were arrested. The Capital Markets Board's work on stock-based manipulation continues. As these are completed, the CMB files criminal complaints and judicial authorities do what is necessary."
31.5 BILLION LIRA RETURNED TO 420 THOUSAND INVESTORS
Providing information on the liquidation and payment processes of the funds, Yılmaz announced that refund accounts were opened for 131 funds and approximately 31.5 billion lira was returned to investors. Stating that 420 thousand investors have received payment so far, Yılmaz said that preparations are ongoing for a new payment on November 13.
Explaining that payments are made starting from low amounts, Yılmaz reported that the upper limit in the current interim payments is 1 million lira. He stated that after the interim payment process is completed, final settlement will begin.
PREPARATION OF A NEW LAW FOR CAPITAL MARKETS
Announcing that a new legal regulation is being worked on to prevent similar incidents, Yılmaz stated that they expect the preparation to largely take shape by next week. Saying that the number of stocks under review could reach 50, Yılmaz stated that the regulation will be submitted to Parliament and that the aim is to make capital markets safer.
TOUCHED ON RELATIONS WITH THE US
Also touching on reactions in US public opinion to the Iran war, Yılmaz said that Turkey has from the outset advocated resolving disputes through diplomacy and compromise rather than war. Stating that the reactions of the American people to the war overlap with Turkey's approach, Yılmaz noted that relations between the two countries will be maintained by being developed.