Retirement pensions change with SGK update

INCREASE IN GROWTH RATE REFLECTED IN PENSIONS

Following the update made by the Turkish Statistical Institute (TÜİK) to national income data, the growth rate used in the calculation of retirement pensions has been revised upward. With this development, the Social Security Institution (SGK) has decided to re-evaluate the pensions of some retired citizens. With this update, there will be an increase in the income of citizens who applied for retirement and had their pensions linked, particularly after January 1, 2025.

WHO WILL THE NEW CALCULATION COVER?

The regulation does not include all retirees, but only those whose retirement procedures were completed after the beginning of 2025. Those who retired before this date will continue to receive their current pensions and will not be affected by the new calculation. In the new system, since the growth rate has increased, the pension accrual rate for those who retired after 2025 has also risen.

PENSION INCREASES WILL BE LIMITED

The expected monthly increase rate within the scope of the technical regulation is calculated at approximately 1.08 percent. Retirees with higher base pensions will benefit slightly more from this rate. For example, for a person who was linked to a pension of 25,000 TL in February, the monthly amount will increase by approximately 270 TL starting from April with the new regulation.

For citizens receiving the lowest retirement pension, the raise will be applied to the base pension. If the base pension is below the minimum pension threshold, the increase amount may not be reflected in the payments. Therefore, among all retirees, those who will directly benefit from the increase will be those with higher base pensions.

DIFFERENCE PAYMENTS TO BE DEPOSITED IN APRIL

The pension differences resulting from the recalculation will be automatically deposited into accounts along with the April pension payment schedule, without the need for retirees to make any applications. Thanks to the update, cases where pensions linked since the beginning of 2025 were calculated as incomplete will also be compensated retroactively.

Citizens will be able to check whether there is a change in their pensions by logging into the e-Devlet system and viewing their SGK statements. With this update, the importance of the update coefficient used in retirement has once again been brought to the agenda.

News Source: 12punto