Turk Parliament passes controversial Social Security bill

Turkish parliament adopted a controversial, long-delayed bill which envisages amendment to Social Security and General Health Insurance Law on Thursday.

Turk Parliament passes controversial Social Security bill
The New Anatolian reprted Turkish parliament adopted a controversial, long-delayed bill which envisages amendment to Social Security and General Health Insurance Law on Thursday.

The bill was passed in parliament with 225 votes in favour, and 55 votes against.

According to the newly IMF-backed reform, 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 reform was a key requirement of the IMF, with which Turkey has a $10 billion stand-by accord and which is due to expire in May.

It is not clear what agreement Ankara will subsequently make with the Fund. Turkey still owes $6.43 billion debt to the IMF, making it one of the largest recipient of the Fund's credit.

Parliament also decided that the reform would go into effect from October, rather than August as previously planned.

Turkish parliament began discussing the social security bill on March 27th.


Last Mod: 18 Nisan 2008, 12:46
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