Retired July hike will be increased this year, as it is every year, taking into account the inflation difference compared to January. However, this year, the statements that led to the expectation of surprise raises for SGK and Bağ-Kur retirees came one after the other. Well, how much is the retirement July raise, how much will it be?
Millions of SSK and Bağ-Kur retirees closely follow the news of the pension increase. The lowest pension was increased from 2022 TL to 66 TL after the 500% hike in 2. What is the lowest pension (salary) and how much will it be? While the question was on the agenda, a statement came from Vedat Bilgin, Minister of Labor and Social Security. Minister Bilgin pointed to May 500 for the July hike; however, he did not make any further statements afterward.
After the inflation figures for May and June are announced, the July 2022 hike will become clear. While the increase rate for civil servants' inflation difference and pensions will be determined directly by the 6-month inflation rate, additional hikes will be on the agenda under the social welfare regulation passed by the Parliament in the last period.
While SSK and Bağ-Kur pensions increase twice as directly as 6-month inflation every year, civil servants and civil servant retirees also receive an increase in the inflation difference twice a year.
Turkish Statistical Institute (TUIK) announced April 2022 inflation figures. With the announcement of the April inflation, the clues for the retired and civil servants July hike became stronger.
TURKSTAT announced that the CPI index, which was 686,95 in December, rose to 904,79 in April. In this case, the 4-month inflation rate was recorded as 31,71 percent.
What is the Latest Situation in Retirement Ratio?
The salary increases in January and July, which are made twice a year, are equal to the previous 6-month inflation rate.
In other words, SSK and Bağ-Kur retirees will receive an increase in July as much as the 6-month inflation between December and June. This figure drew attention as 4 percent for now, according to 31,71-month figures.
May and June inflation figures will be added to this figure. Even if the rates were zero in the following months, 31,71 salary increase was finalized.
What Happened to the Civil Servants and Civil Servants Retirement Ratio?
After the April inflation figures were announced, it became certain that civil servants and civil servant retirees would be given a difference. Officers and civil servants retirees also receive a raise twice a year, just like SSK and Bağ-Kur retirees.
These increases in January and July are determined by collective agreement. Civil servants and civil servant retirees receive a difference as much as inflation, which exceeds the collective bargaining increase rate. According to April inflation figures, 4-month salary accounts have emerged.
Civil servants and civil servant retirees received a 7.5 percent increase in collective bargaining in January. In July, they will receive a 7 percent increase in collective bargaining.
In this case, the 4-month inflation difference between civil servants and retired civil servants (31,71-7,5) was 24,21 percent.
Civil Servants' Increase According to 4-Month Inflation 31,21 Percent
Adding a 7% collective bargaining price hike to this figure, the civil servant raise rate is based on 4-month figures; It has already attracted attention as 31,21 percent. May and June inflation figures will be added to this rate, as is the case with SSK and Bağ-Kur pensions.
According to the recently published Market Participants Survey of the Central Bank, while the expected inflation rate for May stood out as 2,86 percent, this figure for June stood out as 2,25 percent.
SSK, Bağ-Kur Retired July Increase Rate 38,5 Percent
If these expected inflation figures come true; The CPI index will rise to 951,60 and the 6-month inflation to 38,5 percent.
This 6-month inflation figure will be a July increase for SSK and Bağ-Kur retirees.
Civil Servants and Civil Servants Retired July Increase Rate 38 Percent
Civil servants and civil servant retirees received a 7,5 percent collective bargaining increase in January. Considering the 6-month inflation figure to be realized above this and the 2022 percent collective bargaining increase to be implemented in July 7, the civil servant increase will be 38 percent in July.
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