Retirement

Insured individuals with mature retirement rights had to take all necessary actions themselves to submit their retirement application

Pensions will be increased by a total of 42.6 percent for the first six months of 2024, President Recep Tayyip Erdoğan has announced.

The government will offer an extra 5 percent increase in wages for retired people and bring the minimum pension amount to 10,000 Turkish Liras ($332) from a previous 7,500 liras.

According to the last available statistical report of the Serbian PDI Fund, the highest pension in Serbia is exactly RSD 200,475.

Practically, and as per the Law on PDI, no retired person in Serbia can register more than 45 years of service or a personal coefficient higher than 3.8. Thus, therefore, the pension is "fixed" at this amount.

As of January 1, significant alterations have been implemented in the retirement age and mandatory service duration, impacting pension entitlements for both men and women.

The social security system - a pillar of democratic societies and one of the fundamental rights of their citizens - functions within specific conditions and boundaries.

People who work a second job beyond their main, full-time occupation, will enjoy higher pensions when their retire, Labor and Social Insurance Minister Adonis Georgiadis has told Kathimerini.

Georgiadis has drafted a bill allowing a second job, provided that total daily employment does not exceed 13 hours.

The way for the retirement of more than 150,000 EFKA debtors is opened by a draft law of the Ministry of Labor, increasing the debt limit to 30,000 euros.

At the same time, it foresees the abolition of the 30% "penalty" in the pensions of those who work and its replacement with a special contribution, for incomes over €5,000.

As South Korea campaigns to retire an old and odd age-counting method that makes people a year or two older than they really are, children are among the few who seem most eager to stick with the past.

Agencies at the Single Social Security Entity (EFKA) are running two parallel projects, in addition to the issuance of the pending pensions: main, auxiliary and retirement lump sums.

The social security contributions of 1.2 million freelancers, self-employed and farmers will increase retroactively from the start of the year by 9.6%.