Social Security Expert Explains: Minimum Wage Earners May Surpass High-Wage Earners.
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SGK (Social Security Institution) Chief Inspector and Senior Expert İsa Karakaş, regarding the debate on whether severance pay will be abolished, which resurfaced after the Medium-Term Program, stated, "There is no question of abolishing severance pay." Karakaş calculated that if the minimum wage increases by at least 30 percent at the beginning of 2027, a minimum wage worker who postpones their departure or retirement date to the new year could…
SGK (Social Security Institution) expert İsa Karakaş drew attention to a critical threshold in severance pay calculations as 2027 approaches. While the severance pay ceiling increase for high-salaried employees remained at 8 percent in January, the severance pay for minimum wage earners will increase by 30 to 50 percent. Those with lower salaries will proportionally surpass those with higher salaries.
SGK (Social Security Institution) expert İsa Karakaş assessed that the gap between the minimum and maximum amounts of severance pay could close as the new year begins, and that minimum wage earners could receive a proportionally higher increase.
SGK (Social Security Institution) Chief Expert İsa Karakaş announced his predictions regarding the severance pay ceiling, which will be redefined in January. Karakaş stated that the severance pay entitlements of low-wage employees will be at least 22 percent higher proportionally compared to high-wage employees.
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