Erdogan retirement salary increase statement

President Recep Tayyip Erdoğan made statements on pensions.

“I have given the necessary instructions to our ministers,” Erdogan said, “Our ministers have started their work. Hopefully, we will make the necessary announcements in the coming weeks,” he said.

“We will honor the promises we made to our civil servants and retirees once the inflation rates are clear,” Erdogan said.

6-MONTH INFLATION DIFFERENCE 19.77 PERCENT

The Turkish Statistical Institute (TUIK) announced yesterday that June inflation was 3.92 percent and the 6-month inflation rate was 19.77 percent.

Accordingly, SSK and BAĞ-KUR retirees will increase at the 6-month inflation rate announced as 19.77 percent. However, this increase will apply to root pensions.

In other words, after the 19.77 percent increase, retirees whose root pension is less than TL 7,500 will continue to receive TL 7,500 per month. A pensioner with a root pension of 6,500 TL is 7,800 TL; that is, he will only have received an increase of 300 lire.

No promises were made before the elections regarding the lowest pension received by SSK and BAĞKUR retirees, 7,500 lira. Announcements were made about gradually increasing pensions. It was indicated that the gradual increase in question would apply to root pensions.