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Millions of retirees await the December inflation rate to be announced on January 4. With the latest inflation rate, which will be effective in determining pensions, the increase in pensions for 2021 will also be determined. In the December expectations survey conducted by the Central Bank with economists, the CPI expectation for the year ongoing was 14.18 percent. Accordingly, the inflation rate in the second half of 2020, that is, SSK and Bağ-Kur retirees, will rise to 7.96 percent. If we consider that the lowest pension is still TL 1,500 and this rate is increased by 8 percent, it is likely that the lowest pension will be TL 1,620 in 2021. But the minimum wage increase made that statement after the President of the Turkish Pensioners Association (TÜED), Kazım Ergün, “the increase in the monthly minimum wage is 500 pounds. What we expect from our retirees will also be done.” said. If this is the case, the 2021 pension is expected to rise to the lowest of 2,000 lira.
TIME OF 500 TL FOR THE PENSION!
The president of the Turkish Pensioners Association (TÜED), Kazim Ergun, in a written statement, recalled that in 2021 the net minimum wage of 2,825 pounds was identified as 90 cents.
Stating that the new minimum wage has increased by 500 lira and by 21.56 percent compared to the 2020 minimum wage, Ergün said:
“Among the beneficiaries of income and pensions, the most vulnerable group were pensioners SSK and Bağ-Kur. The minimum monthly payment is 1500 lira. Nobody knows the difficulties of living on this salary. Therefore, in 2021 the increases of pensions, percentage and pension increases should be optional 500 in the new minimum wage We expect the net increase in lira to be realized in the pensions of our retirees.
“ LET’S SOLVE OUR PROBLEMS WITH COMMON SMART ”
Ergün wished that 2021 bring health, peace and happiness to the nation, the country and all humanity, and used the following statements:
“Our beautiful country has all kinds of resources for each citizen to live in peace and security. As long as we are united and solve our problems with common wisdom. We hope that our government, which declared that 2021 will be the year of reform, will achieve new successes in the economic, social and legal fields. We want improvements in the economic conditions of our retirees through production and employment to be among our priority objectives. “
CALCULATION OF THE PENSION PER PERIOD OF 500 LIRA
|
CURRENT RETIRED SALARY (2020) |
EXTENDED PENSION OF 500 TL (2021) |
|
1,500 TL |
2,000 TL |
|
1,600 TL |
2,100 TL |
|
1.800 TL |
2,300 TL |
|
2,000 TL |
2,500 TL |
|
2,200 TL |
2,700 TL |
|
2,400 TL |
2,900 TL |
|
2,600 TL |
3,100 TL |
|
2,800 TL |
3,300 TL |
|
3,000 TL |
3,500 TL |
|
3,200 TL |
3,700 TL |
|
3,400 TL |
3,900 TL |
|
4,000 TL |
4,500 TL |
WHAT WILL DECEMBER INFLATION LIKE?
The inflation expectation for December has been announced. The AA Finans survey of expectations of inflation data for December to be announced by TURKSTAT on Monday, January 4, resulted in the participation of 19 economists.
According to the survey, economists’ average December inflation expectations was 1.02 percent. The inflation expectations of the economists surveyed for December ranged from the lowest 0.45 percent to the highest 1.91 percent.
Based on economists’ average December inflation expectations (1.02 percent), annual inflation, which was 14.03 percent the previous month, is estimated to rise to 14.34 percent.
The Consumer Price Index increased by 2.30 percent in November compared to the previous month.
HOW WILL RETIRED WAGES INCREASE ACCORDING TO INFLATION?
According to the rate of 7.96 percent calculated on the basis of the Central Bank survey, the lowest pension for traders will increase from 1,886 lire to 2.36 lire.
For SSK members who retired before 2000, the base month will increase from 2233 lira to 2410 lira.
RETIRED AT LEAST 2,036 TL
The lowest pension; 2 thousand 36 in merchants, 2 thousand 410 in SSK members retired before 2000 and 3 thousand 10 in civil servants.
