Which retiree will receive an increase?

Retirement salary pending

Institute of Statistics Turkey (TSI), will announce its inflation November on Monday, December 3. Thus, the end-of-year increase for pensioners will become clearer.

Which retiree will receive an increase?

The CBRT inflation forecast at the end of the year is 23.5%. This also indicates an increase of 13.62% for civil servants. Thus, in 2019, the lowest salary for public servants will rise to 415 pounds. The basic salary of the officer will be three thousand 465 lire. The salary of the retired officer will increase by at least 285 TL. The lowest pension will rise to two thousand, 379 lire.

The smallest increase for BAĞ-KUR and retirees indicates at least 12.26% inflation in October. If the Central Bank expects this rate, it will be 13.12%. After taking a 6-month upward trend in the inflation rate, Bağ-KUR and workers' retirees rose 9.17% in the second half of this year in July. If the year of inflation ends as planned by the Central Bank, the worker's pension will be increased by 219 pounds in 2019, with a base salary of 670 pounds.

Does the rise of the new year affect jackpots?

Before Ramadan and the Feast of Sacrifice, an increase of thousands of pounds of bonuses paid is on the agenda. With the inflation range to be announced on January 3, 2019, further salary increases will be finalized.