TRNC Increases Social Security Payments
As of January 1, 2025, the Turkish Republic of Northern Cyprus (TRNC) has raised social security rates and pensions. This increase will benefit individuals receiving government-funded payments.
Following a proposal from the Social Security Department, the Council of Ministers of the TRNC has approved an 11.12% increase for those receiving benefits related to workplace accidents, occupational diseases, as well as pensions for disability, old age, and the death of an insured person.
The decision, published in the Official Gazette, states that the increase will apply to both disability and old age pensions under the Social Security Law and the Social Assistance Law. Additionally, those receiving survivor’s pensions will receive an increase proportional to their share.
Furthermore, pensions funded by the state budget will also be raised by 11.12%.
The increase takes effect on January 1, 2025, and will be covered by the Social Security Fund.
Author
Born in 1984 in Russia, in the city of Yekaterinburg (Sverdlovsk region). Since 2023, he has been living in Northern Cyprus. Education: Ural State University (UrGU, now UrFU), Faculty of Journalism. Specialization – journalist (2007). Professional experience: From 2003 to 2023, he worked in…
You may also be interested in:
- Ministry of Finance of the TRNC: severance payments have been made in accordance with court decisions
- Rain and thunderstorms expected from Sunday: temperatures to drop to +15°C
- Disinfection points for animal transport established in the Famagusta district
- CTP and AKEL agreed to establish a Joint Sports Working Group
- The Union of Insurance Companies called for the prompt introduction of mandatory natural disaster insurance
