July 2026 pension hike finalized: SSK and Bağ-Kur pensions to increase by 17.76 percent

Following the Turkish Statistical Institute's announcement of June inflation data, the increase rates to be applied to pensions for the July 2026 period have been determined. Accordingly, SSK and Bağ-Kur pensions will be increased by 17.76 percent.

The hike rate to be applied to civil servant pensions and civil servant salaries was announced as 13.52 percent. With the hike rates finalized, millions of retirees have begun calculating the new monthly payments they will receive starting in July.

A new amount has also been determined for the lowest pension. It is projected that the lowest pension, currently at the 20,000 TL level, will be increased to 23,552 TL through a legal regulation.

SAMPLE CALCULATION FOR SSK AND BAĞ-KUR

Considering the 17.76 percent increase, the new amounts based on some current pensions are as follows:

New payment amounts will be shaped according to the retiree's current pension and the implementation to be carried out within the scope of relevant legislation. Final payments will be reflected in retirees' accounts after the institutions complete their July salary calculations.

News Source: 12punto