Three separate regulations will come into effect in January for the increase in pensions. While the inflation increase is made for pensions, the welfare share will also be added.
In addition, the lowest retirement salary will also change. Civil servant retirees will receive the inflation difference and collective agreement increase.
6-MONTH RATE IS IMPORTANT FOR RETIREMENT INCREASE
Millions of retirees, civil servants and workers are wondering about the wage increases to be made in January. While retirees will receive a raise based on inflation figures, workers will wait for the meetings of the Minimum Wage Determination Commission.
The pension and civil servant increase figures are determined by the inflation rates of the last 6 months. The Turkish Statistical Institute (TÜİK) announced the July inflation as 3.23 percent. In August, inflation was 2.47 percent.
While the Central Bank predicted year-end inflation in 2024 as 38 percent, it announced the upper band of the forecast range as 42 percent.
If inflation in 2024 is 38 percent, the second 6-month inflation, that is, the increase for SSK and Bağ-Kur retirees, will be 10.64 percent.
If a rate of 42 percent is reached, the increase rate for retirees will reach 13.84 percent.
