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Turkey Scraps Minimum Retirement Age Turkish President Tayyip Erdoğan has announced that there will no longer be a minimum age requirement for retirement in Turkey.Following the announcement, more than 2 million Turkish workers will be able to retire immediately based on the number of years they have been part of the workforce rather than their age. They will just have to have completed 20-25 of social security registered work. The previous minimum retirement ages were 58 years for women and 60 years for men.The country already had no mandatory retirement age, meaning workers can't be made to retire after reaching a certain age.The change follows a recent rise in the country's national minimum wage, which was increased by 55% in December 2022, along with rises in public sector salaries and pensions. Creating the new retirement system is expected to cost the government over $5.35 billion. Inflation rates in Turkey rose to among the highest in Europe in December, and the Turkish lira has seen a major fall in value over the past year.Euronews reported that in September 2021, $1 was worth around 8 Turkish lira. However, by December 2022, the value was closer to 19 lira to $1, worsening a national rise in living costs. Erdoğan, who has been Turkey's president since 2014 and is preparing for an election in June 2023, said that recent changes to wages and pensions show that he supports employees who are affected by the rising cost of living.The country with the world's highest retirement age is Denmark, at 68 for men and 66 for women.  1. What are your thoughts on Turkey removing minimum retirement ages?2. Do you know anyone who has recently retired?3. Who are the most active retirees you know?4. How much money is needed for a comfortable retirement?