The calculations for the January salary increase for retirees have begun!

Retirees are closely monitoring inflation data that will determine the salary increase rates for the new year. According to the data released by the Turkish Statistical Institute (TUIK), the consumer price index (CPI) increased by 3.23% in September, and the annual inflation rate was recorded at 33.29%.

The average to be used in the calculation of the January increase has been clarified with the inflation data for July, August, and September. The data for October is now of great importance. The inflation for October, to be announced on November 3, will determine the four-month increase difference for the second half of the year.

Civil servants and retirees receive an additional inflation difference on top of the collective agreement increase. Civil servants received a 15.6% increase in July, of which 5% was due to the collective agreement. The collective agreement increase to be applied in January is set at 11%.

SSK and Bağ-Kur retirees receive increases equal to the inflation rate that occurs every six months. For these groups, a 7.51% increase difference was created as a result of the three-month data announced for the second half of the year.

After TUIK announces the inflation data for October, November, and December, the January increase for civil servants and retirees will be finalized. Following these three data points, the final increase rate and salary increase table for both civil servants and retirees will become clear.

Predictions indicate that double-digit increases will be on the agenda in January. For retirees, this situation presents a significant opportunity to improve living standards.