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Announcement of First Data for Civil Servants and Retiree Raises

The first inflation data of the year has been announced and it is a significant factor for the raise of civil servants, retired civil servants, SGK and Bağ-Kur retirees. In January, the monthly inflation was reported as 6.70 percent, which means that SGK and Bağ-Kur retirees have already earned the 6.70 percent inflation difference for January. As a result, the raise for the first month has been determined as 6.70 percent. However, this increase will be reflected in the salaries in July and will be calculated cumulatively according to the monthly inflation announced every month.

For civil servants and retired civil servants, salaries and pensions will see an increase of 15 percent in the first 6 months of 2024, 10 percent in the second 6 months, 6 percent in the first 6 months of 2025, and 5 percent in the second 6 months of 2025. These increases will occur if rates remain below inflation. If inflation remains higher than the raise rates, civil servants and retired civil servants will see the inflation difference in their salaries as a raise.

It is also important to note that the increase in the inflation rate also has a significant impact on determining the minimum wage. Although not a binding figure, inflation rates are discussed in the Minimum Wage Determination Commission meetings, and raise rates according to inflation are announced by the commission.

It is expected that the inflation data for the remaining months of February, March, April, May and June will be announced soon, giving a clearer picture of the economic situation for civil servants, retired civil servants, and other related groups.

 

Hostinger

Pools Plus Cyprus

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