How a lot will the pension and civil servant increase be?

As the tip of the yr approached, the figures concerning the increase charges of hundreds of thousands of retirees and civil servants started to develop into clear.

For civil servants, SSK and Bağ-Kur retirees, the inflation determine is essential on the fee of improve. Civil servants and civil servant retirees are entitled to obtain inflation distinction in response to this determine. SSK and Bağ-Kur retirees, alternatively, obtain a increase within the new yr as a lot because the 6-month inflation fee.

In accordance with the info of the Turkish Statistical Institute (TUIK), inflation elevated by 3.54 % in October, whereas the annual improve reached 85.51 %. Within the four-month interval masking July, August, September and October, inflation was 10.84 %.

In accordance with the information on NTV; In accordance with this determine, civil servants and civil servant retirees are entitled to no less than 3.84 % inflation distinction along with the 7 % collective bargaining improve. Within the new yr, civil servants will obtain an 8 % improve in collective bargaining. In accordance with the four-month figures, the rise of the civil servant in January will likely be 11.84 % in complete, along with the inflation distinction. The precise fee of improve will develop into clear with the info of the final two months.

SSK and Bağ-Kur retirees, alternatively, obtain a increase each 6 months on the fee of inflation. In accordance with the four-month information for retirees, there’s already a ten.84 % increase alternative. With the November and December information, the precise increase fee of retirees will develop into clear.

November inflation will likely be introduced on 5 December and December inflation will likely be introduced on 3 January. The precise increase charges of civil servants, civil servants retirees, SSK and Bağ-Kur retirees will likely be decided on the finish of the figures introduced on these dates.

It’s unclear whether or not there will likely be a welfare share correction above these figures. President Recep Tayyip Erdoğan introduced that they are going to take steps to compensate for the lack of welfare initially of the yr.