Social Security Expert İsa Karakaş Announces January Pension Increase Expectations
Social Security Expert İsa Karakaş evaluated potential increase rates for civil servant and retiree pensions for the January 2027 period and formulas discussed behind the scenes.
Social Security Expert İsa Karakaş made evaluations regarding the potential increase rates for civil servants and retirees in January. Karakaş shared projected figures for SSK, Bağ-Kur, and civil servant retirees in light of inflation data.
July Inflation Loss
Although the 6-month cumulative inflation total in July was 17.76 percent, an adjustment of 13.52 percent was made for civil servants and retirees.
This rate, which remained 4.24 percent below official inflation, led to a decrease in the purchasing power of civil servants and retirees.
First Two Months' Inflation Data
According to TÜİK data, inflation was recorded at 1.78 percent in July and 1.84 percent in August.
While the two-month cumulative total stood at 3.65 percent, the 7 percent collective bargaining threshold from July needs to be exceeded for the inflation difference.
Year-End Inflation Expectation
In line with the government's Medium-Term Program and Central Bank targets, year-end inflation is expected to be around the 30 percent band.
Experts state that potential fluctuations in energy prices could have an impact above this limit.
January Statutory Increase Rates
If year-end inflation remains around 30 percent, statutory adjustment rates will take shape in January.
An increase of between 9.5 and 10.5 percent is projected for SSK and Bağ-Kur retirees, and between 7.5 and 8.5 percent for civil servants and civil servant retirees.
Flat-Rate Increase in Ankara Lobbies
In line with Treasury and Finance Minister Mehmet Şimşek's promise that no raises will be made below inflation, there is a possibility of an additional increase.
It is stated that January is a turning point for civil servant retirees who have not been granted a flat-rate increase for 3 years.