How much will the civil servant and pensioner increase?

Due to the increase in the cost of living, millions of retirees and civil servants began to wait for the increase to take place in January. After the increase in July, an increase in inflation of 10.85 percent in 4 months was announced. If it continues like this, the rise can be maintained at 17.35 percent.

HOW MUCH WILL THE SALARY OF RETIRED AND OFFICIALS INCREASE?

If the increase in inflation continues in the same way until the end of the year, civil servants and retirees will receive a 17.35 percent increase, while retired merchants and farmers will receive a 16.27 percent increase.

The Central Bank’s year-end forecast also indicated that the hikes would be 17.13 percent and 16.05 percent, respectively.

According to data announced by TUIK, consumer prices have risen 10.85 percent in the 4 months since July. According to the calculation method of the Ministry of Treasury and Finance, public servants and retirees will receive an inflation difference of 3.6 percent in the last 4 months. In other words, the increase in civil servants and retirees in July was reduced to 3.6 percent when it restarted.

TurkStat calculated that consumer inflation rose 10.85 percent in the 4 months covering July-October. If inflation increases in the rest of the year in November and December as in the previous 4 months, it will reach 16.27 percent at the end of the year. Thus, civil servants and retirees will receive an inflation rate of 8.66 percent. In addition, the total rate of increase will remain at 17.35 percent, since collective bargaining will increase by 8 percent. The pensions of peasant workers, merchants and retirees will increase in 6 months of inflation, that is, by 16.27 percent.

POVERTY WILL INCREASE IF NO FURTHER INCREASE IS MADE

The increase of workers, farmers and retirees of merchants will remain 1.1 points lower due to the fact that the difference in inflation is not paid and there is no anticipated union increase except for realized inflation. Therefore, the rate of increase in pensions for these retirees at the beginning of the year will remain at 16.05 percent. In this case, with the support of the Treasury, the lowest pension, which is still 3,500 liras, will increase by 562 liras and will remain at 4,062 liras. If there is no additional increase in choice, the poverty of millions of workers and retirees will increase even more.