Civil servant and retiree pay raises to be announced today! Here are the figures on the table...
With the release of the Turkish Statistical Institute's (TÜİK) November inflation data, the five-month raise rates for civil servants, civil servant retirees, and SSK and Bağ-Kur retirees have become clear. With the addition of December data, scenarios regarding the salary increases to be applied in January have also emerged.
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While salary increases for civil servants and civil servant retirees are calculated based on collective bargaining agreement provisions and inflation differences, the raise rate for SSK and Bağ-Kur retirees is determined according to six-month inflation data.
According to data announced by the Turkish Statistical Institute (TÜİK), inflation rose by 0.87 percent in November, with annual inflation recorded at 31.07 percent. With this development, the five-month inflation adjustment for civil servants and retirees has been finalized.
FIVE-MONTH RAISE RATE FOR SSK AND BAĞ-KUR RETIREES
Based on the announced five-month inflation data, SSK and Bağ-Kur retirees have already guaranteed a 11.20 percent raise. With the addition of December inflation to this rate, the raise rate to be applied in the first six months of the new year will be clarified.
17.55 PERCENT RAISE GUARANTEE FOR CIVIL SERVANTS AND CIVIL SERVANT RETIREES
For civil servants and civil servant retirees, a 17.55 percent raise entitlement has emerged in line with the five-month data. The final raise rate will be determined upon the announcement of the December Consumer Price Index (CPI) data.
RAISE SCENARIOS ON THE TABLE
According to a report by TRT, Ankara Yıldırım Beyazıt University Lecturer Tarkan Zengin made assessments regarding potential raise scenarios.
Zengin stated the following:
“Furthermore, there will be a 1000 lira increase in the base salary (referring to civil servants and their retirees).
11-month inflation was 29.74 percent. As you know, the Central Bank revised its inflation rates and projected an inflation realization between 31 and 33 percent.
If the Central Bank's lowest rate of 31 percent is reached; the January increase for SSK and Bağ-Kur retirees will be 12.28 percent, and for civil servants and retirees, it will be 18.70 percent.
In the event that the highest rate of 33 percent is realized, the January increase for SSK and Bağ-Kur retirees will be 14 percent, and for civil servants and retirees, it will be at the 20.51 percent level.
If a CPI lower than expectations occurs, like this month, with the possibility of a rate close to the initial 31 percent; there is a possibility that it will be 12.28 percent for SSK and Bağ-Kur retirees, and 18.70 percent for civil servant retirees, civil servants, and their retirees.”