If the June inflation rises to 1 or 2 percent, civil servant retirees will be increased by 14-15 percent, including the inflation difference, and 16-17 percent for other retirees in July.
There are only a few days left until the announcement of the retirement and civil servant raise rates promised by President Tayyip Erdoğan at the election squares.
The first 5-month consumer inflation of the Turkish Statistical Institute (TUIK) revealed to a large extent the inflation difference of millions of retirees and civil servants and the 6-month raise rate.
Consumer Price Index (CPI) realized as 15.26 percent in the first 5 months.
In case the CPI is realized as 1 or 2 percent in June and no additional welfare share is given, a raise of 14.25-15.38 percent for civil servants and civil servants, and 16.41-17.56 percent for other retirees.
At the beginning of the year, civil servants and civil servant retirees were raised by a total of 30 percent, including 8 percent collective bargaining increase, 8.48 points inflation difference and 13.52 points welfare share.
The increase of former SSK and Bağ-Kur retirees was also 30 percent with 14.6 points of welfare share.
In addition to the 6 percent collective bargaining increase for civil servants and retirees in July, 14.25 percent increase, including the 7.79 percent inflation difference, if June inflation rises to 1 percent; If it is 2 percent, a total of 15.38 percent hike will be made, including the 8.85 percent inflation difference.
In this case, the lowest civil servant pension will increase from 7 thousand 782 lira to 9 thousand 14 lira at most.
IT COULD INCREASED TO 20 PERCENT
As the former SSK and Bağ-Kur retirees will receive a raise as much as the 6-month inflation rate, if the June CPI rises by 1 or 2 percent, the raise rate will be 16.41-17.56 percent.
If no additional increase is made, the lowest pension, which is still 7 thousand 500 liras, will see a maximum of 8 thousand 817 liras.
If the good news of free natural gas given before the election had not been reflected to the inflation as zero and the CPI had not been lowered, the 6-month hike rates would have been around 20 percent.
Eyes on the promised share of prosperity
Before the elections, President Tayyip Erdoğan had promised to increase the minimum salary of civil servants to 22 thousand liras in July, and to increase their pensions at these rates.
If this promise is fulfilled in July, a welfare share will come into play, well above the inflation increase for the first 6 months.
In this context, in order to increase the lowest civil servant salary to 22 thousand TL, a raise of around 75 percent is required, including the collective agreement hike and the inflation difference.
It is expected that this welfare share, which reaches 60 percent, will be applied to all retirees in the same way.
