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How much will retirees receive in a raise? Here are the figures that emerged based on 10 different scenarios.

How much will retirees receive in a raise? Here are the figures that emerged based on 10 different scenarios.

02.07.2024 10:50

Retirees and civil servants are eagerly awaiting the inflation gap to be announced by TÜİK tomorrow... Prior to the release of the data, expectations for pension increases were calculated based on 10 different scenarios.

Retirees who receive salary increases twice a year in January and July had received a 49.25% salary increase for the first 6 months of 2024. With the inflation data announced for January, February, March, April, and May, the inflation difference for 5 months was announced as 22.72. Thus, retirees have already earned a 22.72% inflation difference as of May.

ACCORDING TO THE SURVEY, 25.81%

According to the recent Central Bank Market Participants Survey, the 6-month inflation rate was calculated as 25.81%. If these calculations align with the inflation rate for June, which will be announced in July, the rate of increase that retirees will receive will be 25.81% depending on the inflation difference.

WHAT WILL THOSE RECEIVING BASE PENSION DO?

If the monthly salary of those receiving a base pension below 7,500 lira does not exceed 10,000 lira despite the increase, they will continue to benefit from the minimum retiree pension application. When the salary of a retiree with a base pension of 7,500 lira increases by 25%, their salary will reach 9,375 lira, and the remaining 625 lira needed to reach the minimum pension will be covered by the Treasury.

POSSIBLE SCENARIOS

Considering that 2024 is the "Year of Retirees," it is also possible to introduce a welfare bonus. Based on this, there are 10 different scenarios for pensions calculated based on 10,000 lira:

  1. Retiree pension with a 25% increase: 12,500 lira
  2. Retiree pension with a 26% increase: 12,600 lira
  3. Retiree pension with a 26.5% increase: 12,650 lira
  4. Retiree pension with a 27% increase: 12,700 lira
  5. Retiree pension with a 27.5% increase: 12,750 lira
  6. Retiree pension with a 28% increase: 12,800 lira
  7. Retiree pension with a 28.5% increase: 12,850 lira
  8. Retiree pension with a 29% increase: 12,900 lira
  9. Retiree pension with a 29.5% increase: 12,950 lira
  10. Retiree pension with a 30% increase: 13,000 lira



 
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