Finance Minister Simsek Announces 130.2 Billion Lira Fund Payouts and 2027 Pension Support

Finance and Treasury Minister Mehmet Simsek presented the 2027 budget of the Ministry of Finance and Treasury to the Turkish Grand National Assembly Plan and Budget Committee. He announced that resources have been allocated in the 2027 budget to support the purchasing power of retirees.

Simsek did not disclose the amount, rate, or implementation schedule of any potential pension increase. Retirees remain uncertain about how the allocated resources will be used amid rising living costs and essential expenses.

“We are allocating resources in the 2027 budget to support the purchasing power of our retirees.”

The minister reported that total payments of 130.2 billion lira have been made across 108 funds to 614,874 accounts as of November 4, 2026. These payments covered 420,031 individuals, and 179,449 people received the full amount of their net investment value.

Of the total, 68 billion lira was paid to 71,899 accounts in 93 funds under ordinary liquidation. An additional 62.2 billion lira was paid as an interim payment to 542,975 accounts in 15 funds under extraordinary liquidation.

Simsek emphasized that the payments were not covered by the central budget. The resources came from fund assets, recovery accounts, and optional return accounts.

MASAK investigations into unfair and excessive gains are continuing. Assets worth approximately 9 billion lira were detected in 36 countries and referred to judicial authorities. The minister also announced that new regulations are being prepared to combat capital market manipulation and strengthen market surveillance mechanisms.