Calculations regarding the January 2027 salary increase, which millions of retirees are awaiting, have begun to take shape based on inflation data from the second half of the year. The inflation that will occur in the July-December period will be the determining factor in the raise rate for SSK and Bağ-Kur retirees.
According to the current outlook, calculations for the lowest pension indicate that the current salary level of 23,552 TL could rise above 26,000 TL. However, the final figure will be clarified based on the November and December inflation data and the scope of any potential legal regulation.
HOW WILL THE RAISE CALCULATION TAKE SHAPE?
Monthly inflation in October was 2.18 percent. In the Central Bank's survey of expectations, forecasts of 1.18 percent for November inflation and 0.97 percent for December inflation stand out. If these forecasts materialize, an increase of 8.28 percent is calculated for SSK and Bağ-Kur retirees, and 6.26 percent for civil servants and civil servant retirees.
In a separate calculation for the lowest pension, a 10.62 percent increase scenario has come to the agenda, assuming no welfare share or additional improvement is made. In this scenario, the lowest pension, which is 23,552 TL, is expected to rise to 26,054 TL.
President Recep Tayyip Erdoğan had previously announced in a statement following a Cabinet Meeting that the goal was to implement legal regulations aimed at improving the economic conditions of retirees by the end of the year, with the discretion of Parliament.
According to information reflected in AK Party corridors, the regulation is expected to come to the Parliament's agenda after the completion of budget negotiations. While budget negotiations are projected to end on November 27, it is stated that the regulation for retirees could take shape after this calendar.
One of the topics discussed in the corridors is the option of a flat-rate raise. According to allegations, alternatives for making an additional payment of 10,000 TL or 15,000 TL to retirees' salaries are being evaluated. However, there is no finalized decision on this matter.
If a decision is made for a flat-rate raise or a welfare share, different amounts beyond calculations based solely on the inflation difference could come to the agenda for pensions. Whether the regulation will cover all retirees and how the payment method will be determined has not yet been clarified.
News Source: 12punto
