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[SITUATION] · [ACTIVE] · [POLITICS]
2 clusters · 10 sources · 13 days · First seen · Last updated
Cyprus social insurance retiree bonus debate
Overview
Minister of Labour and Social Security Oğuzhan Hasipoğlu confirmed that approximately 48,400 social insurance retirees will receive a 40,000 TL payment in November. The total expenditure of roughly 1.9 billion TL has drawn criticism from within the government, including opposition from Economy and Energy Minister Hasan Taçoy, and calls for transparency from major economic organizations regarding the long-term actuarial balance of the Social Insurance Fund.
In response to these concerns, Hasipoğlu defended the decision, asserting that the fund is well-managed and has transitioned from a deficit to a surplus over the last two years. He noted that the fund is projected to reach 19 billion TL by year-end and that the reserve fund has reached a record 1 billion USD in cash and assets. Hasipoğlu maintained that the bonus is manageable given the fund’s annual income and will not jeopardize financial stability.
Entities
Oğuzhan Hasipoğlu · Social Insurance Fund · Cyprus Turkish Chamber of Industry · Cyprus Turkish Employers Association · Ahmet Karavelioğlu
Timeline
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[POLITICS] 3 sourcesOğuzhan Hasipoğlu defends 40,000 TL pensioner bonuses
Minister Oğuzhan Hasipoğlu announced that social insurance funds will reach 19 billion TL by year-end, ensuring 40,000 TL bonuses for 48,500 pensioners will not disrupt financial stability.
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[POLITICS] 9 sourcesOğuzhan Hasipoğlu confirms 40,000 TL payment for retirees
Minister Oğuzhan Hasipoğlu confirmed a 40,000 TL payment for 48,400 retirees in November, despite government criticism and calls from economic organizations for financial transparency.
Sources
beyazgundem.com · detaykibris.com · dijigazete.net · giynikgazetesi.com · gundemkibris.com · haberkibris.com · kibrisgazetesi.com · kibrisgercek.com · kibrisnethaber.com · sondakikakibris.com