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29 Jan 202404:00

Summary

TLDRThe video discusses the upcoming pension raises for SSK and Bağkur retirees in Turkey. Recent inflation adjustments raised civil servant pensions by 49.5%. SSK and Bağkur retirees will now also receive raises to match this increase. The raises were announced in the official gazette and are expected within a week, to be paid retroactively. All retirees will get a raise, including widows and orphans who receive a percentage of the main pension. The minimum pension was also raised to 10,000 TRY, so those below this threshold will see a bigger increase. Exact raise amounts will vary based on original pension amounts. Retirees eagerly await the extra income during these difficult economic times.

Takeaways

  • 😀 Civil servants received a 49.25% raise in January pensions. SSK and Bağkur pensioners are next in line for an adjustment.
  • 😊 The initial 5% raise for SSK/Bağkur pensioners was increased by 6.65% to match civil servants at 49.25%.
  • 😃 Payment of the difference is expected within a week of the announcement in the Official Gazette.
  • 😄 Pensions below 10,000 TL will be topped up to 10,000 TL, so some will get more than just the difference.
  • 😎 Higher pensions will also receive the difference between old and new amounts.
  • 😏 Widow's and orphan's pensions will also increase proportionally.
  • 🙂 The new raised pensions will be paid starting from February.
  • 😀 Pensioners anxiously await dates and details on long overdue raises to match inflation.
  • 😉 Government aims to provide relief to pensioners struggling with high inflation and living costs.
  • 😌 The raise aims to preserve the purchasing power of pensions against raging inflation.

Q & A

  • What percentage increase did retirees who were receiving 8,250 liras get in their January pensions?

    -They received a 37.57% increase, which would have amounted to an additional 700 liras. However, pensions below 10,000 liras were raised to 10,000 liras minimum, so those receiving 8,250 liras actually got around a 1,045 lira increase.

  • When will the pension top-up payments for the difference be made?

    -The payments are expected within one week of the decision being published in the Official Gazette.

  • How much will those receiving 10,000 liras or more get in additional payments?

    -It depends on the amount. For example, someone receiving 13,750 liras will now get 14,925 liras, so they will receive a top-up payment of 1,168 liras.

  • Will widows and orphans also get an increase?

    -Yes. Since they receive a percentage (75% or 25%) of the main pension amount, when the main pension is increased they will proportionally get an increase as well.

  • When will pensioners start receiving the new higher monthly pension amounts?

    -By the end of February, based on the last digit of their allocation number. The increased amounts will be paid starting in February.

  • What was the initial percentage increase given to civil servant retirees?

    -Initially they were given a 5% increase.

  • What was the additional percentage increase given to equalize their pensions?

    -An additional 6.65% increase was given, bringing the total increase to 49.25%.

  • Why did some pensioners receive less than the expected difference based on percentages?

    -Because there was a slight difference between the percentage amount and keeping minimum pensions at 10,000 liras. But the minimum 10,000 lira floor was maintained.

  • Did all retirees receive some kind of increase?

    -Yes, all groups of retirees, whether receiving SSK or Bağ-Kur pensions, received some level of increase and will get the difference paid.

  • When will retirees start receiving their new pension amounts including the increases?

    -By the end of February, with the exact date dependent on the last digit of their allocation number.

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