770 billion barriers to pension increases

Country The good news of the increase, which some 16 million retirees were looking forward to with great hope, did not come from the Turkish Grand National Assembly. The calculation was made and it was thought that the necessary source for the increase could not be found. Consequently, in case of an increase of 8 thousand 77 liras to retirees as civil servants, a new resource of 128.4 billion liras per month and 770 billion liras for 6 months must be found. Since the AKP government was unable to find the required 794 billion lira within the scope of the July increases, it was unable to write spending into the supplementary budget.

HERE IS THE ACCOUNT

When it was understood that the additional source of 770 billion required for the increase in pensions could not be found, it was learned that said increase was abandoned for the moment. According to official data from the Social Security Institution (SGK), the number of retirees as of April is 13 million 448 thousand based on file and 14 million 255 thousand based on person. However, it was noted that the majority of those who retired within the scope of the EYT regulation are not included in these numbers. When the 1.6 million EYT members who were legally retired are included, the total number of retirees nationwide reaches 15.9 million. It was calculated that if 8 thousand 77 lira were given to all these retirees, an additional cost of 770 billion lira would be incurred for 6 months for the SGK. Considering that the number of people withdrawing from the EYT will reach 5 million, the increase was abandoned. The 6-month cost of the 8 thousand 77 lira salary increase given to the officer was calculated at 177 billion lira.

An additional increase of 30 billion lira for 177 retirees to civil servants

Retired The additional cost of increasing the hike to 25 percent to SGK was 30.6 billion lira. An additional payment of 21 billion TL will be made by increasing the 19.77 percent increase of SSK and Bağ-Kur retirees to 25 percent, and an additional payment of 9.6 billion lira will be made to the increase the increase of 17.55 percent of retirees from the Retirement Fund. at 25 percent. Therefore, civil servants will receive an additional increase of TL 177 billion and retirees will receive an additional increase of TL 30.6 billion.