LAST MINUTE | The rise in salaries for retirees and civil servants is becoming clearer! New salary account after inflation figures – The right address for financial news

Last minute: While the rate of increase in the salaries of retirees and civil servants in July was closely followed by millions of people, the increase to be made with the latest inflation announced in April has become a little clearer. After the April inflation figures were announced, the rate of increase for pensioners and civil servants has already exceeded 30%. While the rate of increase to be carried out in July is highly anticipated, “How much will the salaries of pensioners and civil servants be, what will be the lowest pension, how much will the lowest salary of civil servants be, will there be an additional increase?” The answers to the questions have also become clear to a large extent. Here are all the details on the new salary increase account for pensioners and civil servants after the April 2022 inflation figures…

LAST MINUTE | HOW MUCH WILL BE THE INCREASE IN RETIREES AND OFFICERS?

Salary increases for millions of pensioners and civil servants in Turkey are calculated as indexed to inflation. Thus, there is no increase below inflation.

While SSK and Bağ-Kur pensioners see an increase twice inflation over 6 months each year, civil servants and civil service pensioners also receive a difference equal to the inflation rate exceeding the increase in the collective agreement twice a year.

THE AMOUNT OF THE RISE AFTER THE APRIL INFLATION RATE IS CLEAR

The Turkish Statistical Institute (TUIK) has announced the inflation figures for April 2022. With the announcement of April inflation, the first clues about the rates of increase that pensioners and civil servants will receive in July came.

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4-MONTH INFLATION RATE 31.71 PER CENT

The CPI index, which was 686.95 in December, rose to 904.79 in April. This change allowed the inflation rate over 4 months to be 31.71%.

The three-month inflation rate was 22.81%. In this case, the first 4-month rates for pensioners and civil servants have also been finalized. Now let’s see how to implement it.

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SALARY ACCOUNT WITH PENSION INCREASE SSK AND BAĞ-KUR

Around 8 million pensioners from SSK and Bağ-Kur receive wage increases twice a year. These increases are made at the rate of inflation.

Salary increases in January and July are equal to the inflation rate for the last 6 months. In other words, pensioners of SSK and Bağ-Kur will receive an increase in July, equal to inflation over 6 months between December and June.

With the April inflation announcement, a significant portion of the 6-month rate came off. In this case, the 4-month inflation rate for pensioners of SSK and Bağ-Kur was 31.71%.

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Now 2 more months (May and June) inflation will be added to it. In the months that followed, even though the rates were zero, the rate of 31.71 became certain.

The inflation that will occur in May and June will be added to this figure and will be given to SSK and Bağ-Kur pensioners in July as an increase in inflation and will be reflected in their salaries. July wages will be paid increased.

SALARY ACCOUNT FOR RETIRED OFFICERS AND INCREASE FOR OFFICERS

After the March inflation announcement, it became certain that civil servants and pensioners in the civil service would benefit from a difference. Retired officers and civil servants also receive a raise twice a year, as do retired SSK and Bağ-Kur.

These increases in January and July are determined by collective agreement. Civil servants and pensioners in the civil service receive a difference equal to inflation, which exceeds the rate of increase of the collective agreement. According to April inflation, 4-month data has emerged.

Civil service officers and retirees received a collective bargaining increase of 7.5% in January, along with an additional 2.5 point increase. In July, they will again benefit from a 7% increase in collective bargaining.

Civil servants and civil servant retirees will receive a difference equal to the 6-month inflation rate, which exceeds the 7.5% increase in January. When we look at the April inflation rate, the 4-month rate was 31.71%.

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ACCORDING TO 4-MONTH FIGURES, OFFICER’S INCREASE HAS EXCEEDED 30 PER CENT

In this case, the difference in inflation over 4 months between civil servants and retired civil servants was 24.21%. According to the data of the first 4 months, the rate of increase of civil servants and retired civil servants was 7 + 24.21%. In other words, the proportion of civil servants and retired civil servants was 31.21%. May and June inflation rates will be added to this figure.

OFFICERS MINIMUM WAGE

According to news from Sabah newspaper; Following these calculations, when the 4-month inflation rate of 31.71% is achieved:

The lowest salary for civil servants is from 6 thousand 429 lira to 8 thousand 436 lira,
The lowest pension is 4 thousand 289 lire to 5 thousand 628 lire for civil servants,
From 2 thousand 948 lire to 3 thousand 883 lire for traders,
SSK members who retired before 2000 went from 3,292 lire to 4,336 lire.

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WHAT WILL BE THE MINIMUM WAGE ON RETIREMENT?

The minimum wage for those who retired after 2000 was increased to 2,500 TL. On top of that there will be an increase. Here, the figure before the further rise was 2.041 TL. In this case, this figure increased to 2,688 TL, according to the increase of 4 months.

ADDITIONAL HIGH EXPECTED

A further increase was granted to pensioners and civil servants with laws passed by Parliament in January. As a result, the basic salaries of pensioners of SSK and Bağ-Kur have been increased from 1,500 TL to 2,500 TL.

Here again, the rate of increase for civil servants and retirees, which was 5% in the collective agreement, was increased by 2.5 points to 7.5%, excluding the difference in inflation, and the rate rose to 30.95% with the difference in inflation.

After the assessments that will be made in July, it will be possible to increase the rate of increase in collective bargaining for civil servants and retired civil servants, which is 7%.

THE MINISTER WILL ANNOUNCE THE DETAILS

It may also be possible to determine a base salary for SSK and Bağ-Kur retirees. According to the calculation made from 13 billion TL, cost figure given by Minister of Labor Vedat Bilgin, when the lowest salary is between 3500 and 4000 TL, the lowest pension, which is 2688 TL, will be supplemented to these figures.

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