Excellent news for retirees. In response to the newest report, SSK is on the best way to double raises for Bağ-Kur retirees. SSK and Bağ-Kur retirees, however, will obtain a increase on the six-month inflation price. The precise dimension of the pensioner’s wage improve will probably be decided by inflation in November and December. You’ll be able to take a look at the small print in our information…
Counting of pension improve associated to SSK and Bağ-Kur pensioners has began. TurkStat introduced the October 2022 inflation index. Along with the revealed inflation information, figures on pension improve percentages have additionally begun to be introduced. As of as we speak, all eyes are on the inflation figures for November and December for the January pension hike. January 2023 wage will increase are anticipated to be made based on the inflation indicators of the final two months, however the calculations have already begun.
OCTOBER 2022 INFLATION DATA ANNOUNCED!
In response to media experiences, inflation elevated by 3.54% in October, based on information from the Turkish Statistical Institute (TUIK). Inflation elevated by 85.51% throughout the 12 months. 4-month inflation within the second quarter of the 12 months after the mid-year rise, ie. July, August, September and October had been 10.84%.
HOW MUCH WILL BAG-KUR AND SSK RISE BE?
SSK and Bağ-Kur retirees will probably be raised each six months based on inflation. In response to TUIK’s information for the final 4 months, the variety of retirees has already elevated by 10,84%. Information for the final two months of the 12 months, ie. November and December finish 6 months of inflation and present the web improve of retirees.
IT MAY BE A DOUBLE
Though all eyes are on the inflation figures revealed by TURKSTAT within the final two months, November 2022 inflation will probably be introduced on 5 December and December 2022 inflation will probably be introduced on 3 January. With the data introduced lately, the web improve charges of thousands and thousands of SSK and Bağ-Kur retirees will even be revealed.
WEALTH SHARE
A retiree could obtain a brand new improve along with the inflation price. President Erdoğan referred to as on the federal government to take steps to extend the buying energy of residents by elevating social safety laws, particularly the minimal wage for retirees and civil servants. The preparations made will step by step take away the injury brought on by inflation to the lack of welfare. Nevertheless, it’s unclear whether or not the welfare portion will probably be adjusted additional. The President pointed to the share of prosperity within the new 12 months. On this context, the measures are anticipated to compensate for the welfare losses in all segments.
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