06.10.2025 10:50
Retirees are waiting for the salary increase to be implemented in January. According to TÜİK data, the quarterly inflation rate is 7.50%, while the year-end estimates suggest that the increase rate may vary between 10% and 13%. Accordingly, the lowest pension is expected to be in the range of 18,500 to 19,000 TL.
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Millions of retirees are eagerly awaiting the salary increase they will receive in the second half of the year. With the announcement of the inflation data for September by the Turkish Statistical Institute (TÜİK), retirees have started to make their first calculations regarding the increase they will receive in January.
THREE-MONTH INCREASE RATE IS 7.50 PERCENT
According to TÜİK data, inflation increased by 2.06 percent in July, 2.04 percent in August, and 3.23 percent in September. Thus, the total inflation for the three months reached 7.50 percent. SSK and Bağ-Kur retirees have already pocketed this rate.
THREE MORE DATA POINTS ARE AWAITED FOR CLARIFICATION OF THE INCREASE
The salary increase for retirees will be finalized with the announcement of the inflation rates for October, November, and December. After the remaining three data points, the total six-month inflation will determine the January 2025 increase.
FOUR DIFFERENT INCREASE SCENARIOS ON THE TABLE
Different predictions regarding year-end inflation have brought four separate scenarios for the pension increase:
- Central Bank's year-end forecast: 29 percent → Increase rate 10.56%
- Medium-Term Program (OVP) forecast: 28.5 percent → Increase rate 10.14%
- Market Participants Survey: 29.86 percent → Increase rate 11.3%
- Financial Institutions Association forecast: 31.94 percent → Increase rate 13.08%
THE LOWEST RETIREMENT SALARY MAY APPROACH 19 THOUSAND TL
Currently, the lowest retirement salary is at the level of 16 thousand 881 TL. According to the scenarios, this amount is expected to exceed 18 thousand TL by the end of the year.
- With a 10.56% increase: 18 thousand 663 TL
- With a 10.14% increase: 18 thousand 592 TL
- With an 11.3% increase: 18 thousand 788 TL
- With a 13.08% increase: 19 thousand 89 TL
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