It has been determined how much of a raise members of parliament will receive
While Minister of Labor and Social Security Vedat Işıkhan has closed the door on an interim raise for the minimum wage, the work on raises for retirees and civil servants has begun for July. Meanwhile, the raise rate that members of parliament will receive has also been determined.
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While millions of workers, civil servants, and retirees are eagerly awaiting the raise to be implemented in July, Minister of Labor and Social Security Vedat Işıkhan delivered bad news to minimum wage earners.
As purchasing power declines due to high inflation and the rising exchange rate, an expectation for an interim raise emerged among millions of minimum wage earners. However, Minister Işıkhan announced that they will not be providing an interim raise for the minimum wage.
All eyes have turned to the July raise to be given to retirees and civil servants.
According to the report in Sözcü, if the Central Bank's inflation expectation holds, consumer inflation in the first 6 months will be around 23.5 percent. It is expected that a raise between 23.5 percent and 25 percent will be applied to retirees' pensions at the rate of the inflation difference.
Civil servants and retired civil servants will be given a 10 percent collective bargaining raise plus a 7.39 percent inflation difference, with the total raise calculated at 18.13 percent.
Members of parliament and retired members of parliament will also benefit from the civil servant raise. Currently, members of parliament receive a salary of 141 thousand 883 liras, and retired members of parliament receive 96 thousand 958 liras.
The monthly income of those who are retired and also serving as members of parliament is 238 thousand 841 liras. With the 6-month inflation rate becoming clear, the raise to be applied to members of parliament during the July raise period is expected to be 43 thousand 302 liras.