How much will the pension be? The July retirement increase is clear

The inflation rates for January, February, March, April, May and June are determined differently than the inflation rates for the first 6 months, for which civil servants and retirees are paid. The increase in the pension, which is calculated according to the inflation rate for the first six months of the year, will be announced on Wednesday, July 5.

HOW MUCH WILL MY RETIREMENT INCREASE?

The Turkish Statistical Institute of Turkey (TUIK) first 5-month consumer inflation largely revealed the inflation difference of millions of retirees and civil servants and the 6-month rate of increase.

In the event that the CPI is realized as 1 or 2 percent in June and no additional social participation is granted, an increase from 14.25 to 15.38 percent for civil servants and public employees, and from 16.41 to 17 .56 percent for other retirees.

AT THE BEGINNING OF THE YEAR, A 30 PERCENT HIRING WAS CARRIED OUT

At the beginning of the year, public employees and retired civil servants increased a total of 30 percent, including a collective bargaining increase of 8 percent, inflation difference of 8.48 points, and social participation of 13.52 points.

The increase of former retirees from SSK and Bağ-Kur was also 30 percent with 14.6 social participation points.

In addition to the 6 percent increase in collective bargaining for civil servants and retirees in July, an increase of 14.25 percent, including the 7.79 percent inflation difference, if June inflation rises to 1 percent; If it is 2 percent, there will be a total increase of 15.38 percent, including the inflation difference of 8.85 percent.

In this case, the lowest civil servant pension will increase from 7,782 liras to a maximum of 9,014 liras.

COULD INCREASE TO 20 PERCENT

Since the former retirees of SSK and Bağ-Kur will receive an increase equal to the 6-month inflation rate, if the June CPI increases by 1 or 2 percent, the rate of increase will be from 16.41 to 17, 56 percent.

If no further increase is made, the lowest pension, which remains 7,500 lira, will see a maximum of 8,817 lira.

If the good news of free natural gas given before the elections had not been reflected in inflation as zero and the CPI had not been lowered, the 6-month rates of increase would have been around 20 percent.