03.06.2025 11:01
The expectation for an increase in the lowest pension amount is rising in July. However, a decision from the Parliament and approval from the President are required for the increase to take place.
The inflation data, which closely concerns millions of retirees in Turkey, has been announced. The latest figures released by the Turkish Statistical Institute have brought the discussions about a possible increase in the lowest pension back to the agenda. Currently, there is an expectation for a new increase for the lowest pension, which is at the level of 14,469 TL. However, this increase depends on legal regulations as much as it does on economic indicators.
INFLATION IS RISING, EXPECTATIONS ARE INCREASING
The inflation data for May announced by TÜİK has largely clarified the picture for the first half of the year. The inflation figures form the basis for the biannual increases for retirees. However, these figures do not directly mean an increase in the lowest pension. Because an additional legal regulation is required for this pension increase.
PRESIDENTIAL APPROVAL IS ESSENTIAL
The increase in the lowest pension is possible not only due to inflation but also through a legislative change that will pass through the Grand National Assembly of Turkey (TBMM) and then be published in the Official Gazette with the approval of President Recep Tayyip Erdoğan. Therefore, while the current economic conditions may trigger this increase, the final decision is in the hands of politics.
WHAT IS EXPECTED ACCORDING TO THE 5-MONTH INFLATION DIFFERENCE?
According to unofficial calculations, the inflation difference that has occurred in the first five months of the year indicates that a 15.09% increase could be made for retirees. If this rate is applied, the lowest pension could rise to approximately 16,652 TL. However, it should be reiterated that the implementation of this increase requires a decision from the Parliament and the approval of the Presidency.
JULY IS A CRITICAL DATE
The key determining data for retirees will be the inflation rate for June. This data will be announced in July, and it will become clear whether a new regulation regarding the lowest pension will be made. All eyes are now on both economic developments and the agenda of the Parliament.