"How much pension will everyone receive in 2025? Here is the calculation table for additional payments."

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The minimum wage has been finalized at 22,104 lira with a percentage increase. Now, all eyes are on the SSK and Bağ-Kur pension base salary increase and the lowest pension increase. There are 16 million retirees in Turkey, including civil servant retirees. The pension increase rate will be finalized after TÜİK announces the inflation figures for December. Following that, a base monthly adjustment will be made for those whose base salary is around 11,000 lira. How much will the pension increase be? What will the lowest SSK and Bağ-Kur pension be?

THE FIRST STEP WAS TAKEN WITH THE MINIMUM WAGE INCREASE

The income of workers, civil servants, and retirees will increase in 2025. The first step was the minimum wage increase. The minimum wage was determined to be 22,104 lira with a 30% increase. After the minimum wage increase, it is time for the pension and civil servant increase.

RETIREES' EYES ARE ON JANUARY 3

SSK, BAĞ-KUR, and civil servant retirees receive salary increases every January and July. While SSK and BAĞ-KUR retirees receive an increase directly equal to the inflation rate for the last 6 months, civil servant salary increases are determined by the inflation difference and collective bargaining. In January 2025, the salaries of 16 million retirees will increase with the base salary increase and the lowest pension adjustment. TÜİK will announce the December inflation figures on January 3, Friday, at 10:00 AM. After this data, the 6-month inflation rate will be clarified. The 6-month inflation rate will directly determine the SSK and Bağ-Kur pension base salary increase. On January 3, 2025, the 6-month inflation figures will be finalized. The SSK and Bağ-Kur pension base salary increase will be determined. The civil servant and civil servant retiree increase rate will be calculated based on the inflation difference and a 6% collective bargaining increase. Action will be taken for the lowest pension. The new figure will be submitted for the approval of the Parliament. Even if the rights arising from the lowest pension adjustment do not reach the first salary period, the salary difference will be deposited into accounts without loss of rights in the first week of February.

ONLY 1 DATA REMAINS FOR PENSION INCREASE

According to the news from Istanbul Trade Newspaper; the pension and civil servant increase will be finalized when the December inflation is announced on January 3, Friday. With this figure, the salaries of 16 million retirees and 4 million civil servants will be determined. The inflation figures for July, August, September, October, and November have been finalized. Accordingly, the 5-month inflation rate was calculated to be 14.57%. This figure will be recalculated with the December inflation rate. The Central Bank announced the results of the December Market Participants Survey. Accordingly, the year-end inflation forecast for 2024 is 45.28%, while the 6-month inflation expectation is 16.47%. Based on this, the SSK, Bağ-Kur pension, and civil servant salary increases were calculated as follows.

JANUARY 2025 SSK, BAĞ-KUR PENSION AND CIVIL SERVANT INCREASE TABLE

• SSK, Bağ-Kur pension increase: 16.47%



• Civil servant inflation difference: 5.88%



• Collective bargaining increase: 6%



• Civil servant and civil servant retiree increase: 12.23%

HOW MUCH WILL THE LOWEST PENSION INCREASE?

After the pension base salary increase is determined, it will be time for the lowest pension adjustment. The lowest pension is determined by a decision made "ex officio"; that is, it is not based on any rate or data. In this adjustment, budget calculations and especially inflation figures are taken into account. When the draft work is completed, it is submitted to the Parliament. In the last two periods, the lowest pension increased by 2,500 lira. The 6-month inflation expectation is projected to be 16.47%. Considering these two figures, it is evaluated that the lowest pension will likely be raised to a level between 14,500 and 15,000 lira.

HOW MUCH PENSION WILL I RECEIVE?

First, the 6-month pension increase is determined. This increase rate is directly applied to the retiree's base salary. An additional 4% payment is made on top of this. Finally, if this amount falls below the minimum pension, Treasury support comes into play. For example, let's consider a retiree with a base salary of 11,500 TL. This person's salary payment with the 4% additional payment is 11,960 TL. However, since the lowest pension is determined to be 12,500 TL, it is completed with Treasury support. That is, 540 TL of Treasury support is provided. Assuming the 6-month inflation increase is 16.47% and the lowest pension is determined to be 15,000 TL in January; this person's pension base salary will first rise to 13,394 TL and then to 13,930 TL with the 4% additional payment. This amount will also be completed to 15,000 TL with Treasury support, meaning 1,070 TL of Treasury support will be provided.