The salary increase rate for civil servants and retirees is becoming clear.

Millions of civil servants, retired civil servants, and retirees from SGK and Bağ-Kur are concerned about the tenth inflation data of the year, which has been announced. In September, inflation occurred at a monthly rate of 2.88%. Accordingly, SGK and Bağ-Kur retirees are entitled to a raise of 3.23% for July, 2.47% for August, 2.97% for September, and 2.88% for October.

THE DIFFERENCE IN RAISE FOR RETIREES AND CIVIL SERVANTS IS 12.06%

For SSK and BAĞ-KUR retirees, an inflation difference of 12.06% occurred during the July - October period. In January, a raise will be made for SSK and BAĞ-KUR retirees based on the inflation rate for the July - December period of this year. The raise of 12.06% has been confirmed based on the four-month inflation.

In the Medium-Term Program, the inflation rate for 2024 is projected to be 41.5%. If inflation comes out as predicted, the inflation for the July - December period of this year will be 13.45%, and a raise will be made to SSK and BAĞ-KUR retirement pensions at this rate in January. A raise of 24.73% was made to SSK and BAĞ-KUR retirement pensions in July.

Civil servant salaries were increased by 19.31% in July. Of this, 10 percentage points come from the collective bargaining raise. If inflation exceeds the collective bargaining raise, the difference is reflected in the salaries for the next period.

Since the inflation during the July - October period was 12.06%, the inflation difference for civil servants during the four-month period was 1.87%. In January, a collective bargaining raise of 6% will also be made to civil servant salaries. As of October, a raise of 7.99% has been determined for civil servant salaries.

WHAT WILL BE THE MINIMUM WAGE AMOUNT IN 2025?

Minimum wage earners did not receive a raise in the middle of the year. Thus, all eyes turned to the annual inflation. Although expectations regarding annual inflation vary, the strongest possibility stands out at 42%. The international rating agency S&P and the World Bank recommend that minimum wage and retirement pensions be increased according to the expected inflation rate of 17% for 2025.

Although the net amount will be determined in December during the Minimum Wage Determination Commission meetings with the participation of the Government and labor unions, the lowest expectation rate in the market regarding this issue is 25%. At the end of last year, minimum wage earners had an inflation difference of 37%, to which a 12 percentage point welfare share increase was added, resulting in a total increase of 49%.