Turkey to raise retirement payment in latest savings plan

ANKARA (Reuters) – Turkey’s ruling party presented a bill to parliament on Monday including a rise in the minimum monthly pension payment to 12,500 lira ($378), from 10,000 lira, AK Party deputy group chair Abdullah Guler said.

($1 = 33.0899 liras)

(Reporting by Nevzat Devranoglu, Writing by Huseyin Hayatsever; Editing by Jonathan Spicer)