2021 Pension Increase Announced! How many TL will be the lowest pension of SSK and Bağ-Kur?

Inflation data is the most important factor in determining the rise in pensions. After the announced inflation rates, retirees began to calculate how much their pensions will be in 2021. Inflation rose 2.3 percent in November to 14.03 percent annually. Economists’ inflation expectations for November were between the lowest 0.75 percent and the highest 1.80 percent. Inflation reached its annual peak in November. According to data released by the Turkish Statistical Institute’s consumer price index in November of the previous year, it registered an increase of 14.03 percent over the same period. The monthly increase was 2.3 percent. Based on current inflation, retirees from SSK and Bağ-Kur will also receive a 7 percent raise in January. So what will be the lowest pension?

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WHAT WILL THE RETIRED SALARY BE LIKE 2021?

According to data from the Turkish Institute of Statistics, from July to November inflation was 7:02 percent. Only the inflation data for December remained. The lowest pension for now is still 1,500 lire. When the inflation rate for November is added to this figure, the lowest pension in the new year will be 1,605 lire. Based on the 5-month inflation, the income of SSK and Bağ-Kur retirees will increase by up to 447.55 lira. The highest pension will increase from 6,375 lira 37 kuruş to 6,822 lira 92 kuruş net.