Attention SSK and Bağ-Kur retirees! How much will pensions increase? Who will receive how much in January?

The inflation figures, eagerly awaited by retirees and civil servants, will be announced tomorrow.

With the announcement of the November inflation data, the 5-month raise difference will be clarified.

After the data for December is released, the rate of the raise to be applied to salaries in January will be finalized.

EXPECTATIONS FOR INFLATION RATES

Speaking to Milliyet on the subject, Sworn-in Financial Advisor and Economist Muhammet Bayram emphasized that the inflation difference is the determining factor for retirees.

“With October inflation, the salary increase rate is currently at the 12.06 percent level. The market expectation for November is 2 percent, and 1.5 percent for December. The annual inflation rate could materialize at the 44 percent level.”

ESTIMATED RAISE RATE FOR SSK AND BAĞ-KUR RETIREES

Bayram stated that with the completion of the November and December data, an inflation difference of 16-17 percent could emerge for SSK and Bağ-Kur retirees.

“This rate will be directly reflected in salaries. However, civil servants and civil servant retirees will receive a slightly lower raise due to the collective bargaining agreement difference.”

IS A WELFARE SHARE EXPECTED?

Bayram expressed that he does not expect a welfare share increase during this period.

However, he pointed out that the income of those in the lower income group needs to be increased:

“With inflation falling to single digits, we will transition to a period where purchasing power is protected,”

HOW MUCH WILL THE LOWEST PENSION BE?

Currently, the lowest pension is at the 12,500 TL level. Stating that a 16-17 percent increase would not raise this amount sufficiently, Bayram made the following predictions:

“I think the base salary should be set between 15 thousand TL and 17 thousand 500 TL with a 21 percent increase. Thus, the riddle of the lowest pension versus the base pension would end, and retirees would receive a greater share of the welfare increase.”

DETERMINING FACTORS IN SALARY INCREASES

According to Bayram, salary raises should be based not only on inflation rates but also on the growth in gross domestic product. Emphasizing that the welfare level of those in the low-income group, in particular, needs to be increased, Bayram made the following assessments:

“With a balanced economic order, we can transition to a period where purchasing power is protected.”