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Major pay hikes for public employees, retirees revealed

Major pay hikes for public employees, retirees revealed
By Newsroom
May 30, 2024 11:04 AM

The long-awaited July salary increases for public employees and retirees have been calculated.

The projected raise percentages have been determined based on May and June’s estimated Consumer Price Index (CPI) figures.

The Turkish Statistical Institute (TUIK) will announce the inflation figures for May on Monday, June 3.

According to TUIK’s data, the 4-month inflation rate has reached 18.72%.

Projections indicate that May’s inflation will be 3.04%, and June’s inflation rate is expected to be 2.56%. Consequently, the 5-month inflation rate is estimated at 22.33%.

The anticipated six-month raise percentages are as follows:

  1. Six-month inflation: 25.46%
  2. Six-month SSK and Bag-Kur retiree raise: 25.46%
  3. Six-month public employee inflation difference: 9.10%
  4. Six-month public employee collective agreement raise: 10%
  5. Six-month raise including inflation difference: 20.02%

Salaries for retirees, public servants

After calculations, the lowest public servant salary is expected to reach ₺39,438 with the new raise. The average public servant salary could rise to ₺44,000- ₺44,500.

The lowest public servant retiree salary will increase from ₺14,740 to ₺17,690, reflecting a 20.02% rise.

Last Updated:  Jun 4, 2024 4:08 PM