4 million retirees are eyeing the wage increase decision! How will the process proceed?

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Lerato Khumalo

Action has been taken for the minimum salary, which concerns approximately 4 million retirees.

The pension increase rate after 6 months of inflation was 24.73 percent.

Inflation increase is applied to basic salaries.

Despite the increase, the salary of those whose basic monthly salary is 7 thousand 710 lira and below remained below the lowest monthly salary.

This means that there will be no change in the welfare level of approximately 1.8 million retirees.

Two million retirees will be able to receive a raise below the specified rate.

The increase rate for those whose monthly salary is below 9 thousand 610 liras will be below 24.73 percent.

For example, a pension of 8,500 lira will rise to 10,602 lira with a 24.73 percent increase.

This means an increase of only 600 lira.