05.12.2024 08:51
While millions of retirees are focused on the upcoming raises in January, a 14.57% increase has already been guaranteed based on the inflation rate over the past five months. As the final raise rate is expected to be clarified with the inflation data for December, the figures to be announced on January 3 are anticipated to be between 2% and 3%. So, how much of a raise will retirees receive in this case? What will the lowest pension amount be? Here is the answer to the question that many are curious about.
With the arrival of December, millions of minimum wage workers, retirees, and civil servants are focused on the salary increase that will be made, while the increase figures are eagerly awaited.
THEY WILL RECEIVE A RAISE BASED ON 6-MONTH INFLATION
The minimum wage increase will be determined by the Minimum Wage Determination Commission. The Commission's first meeting will be on December 10. In the case of civil servants and retirees, inflation will be the determining factor. SSK and BAĞ-KUR retirees will receive an increase based on the 6-month inflation for the second half of 2024. Civil servants and civil servant retirees will receive a 6% increase from the collective agreement and an inflation difference in the first half of 2025.
THEY HAVE ALREADY GUARANTEED A 14.57% INCREASE
The monthly inflation was 3.32% in July, 2.47% in August, 2.97% in September, 2.88% in October, and 2.24% in November. Based on the 5-month inflation covering the period from July to November, SSK and BAĞ-KUR retirees have already guaranteed a 14.57% increase.
THE INCREASE AMOUNT WILL BE CONFIRMED WITH DECEMBER FIGURES
Civil servants and civil servant retirees have pocketed a 10.4% increase by adding a 4.15% inflation difference to the 6% collective agreement increase. The civil servant and retiree increase will be finalized with the announcement of December's inflation. Inflation in December is expected to be between 2% and 3%.
WHAT WILL BE THE LOWEST RETIREMENT SALARY?
This means that the inflation, or the retirement increase, is expected to rise to the 17-18% range. According to a report in Türkiye Gazetesi, if increases are made at these rates, the lowest retirement salary is expected to be between 14,000 and 15,000 lira.