Turkey’s Treasury and Finance Minister Mehmet Şimşek said a lump-sum pension increase for 2027 is being considered as one option to protect retirees’ purchasing power. The arrangement is expected to be finalised in December, after budget discussions. Şimşek said no amount or application date has been shared yet.
How the increase could work
Şimşek said the arrangement would cover all pensioners. Age and the number of premium payment days may be taken into account in the increase. He said a uniform amount for everyone would be less fair than amounts that vary by age and premiums paid. Technical preparations are ongoing across institutions beyond his ministry, and he said no figure should be announced before that work concludes.
Under the scenarios being discussed, a 15 percent additional payment would be made on average to pensioners. No official announcement on that payment has been made.
What the projections show
The January 2027 increase is calculated from inflation. The four-month inflation rate used for that calculation is 8.28 percent, according to figures stated after the Turkish Statistical Institute’s October release. The six-month figure depends on November and December data that are not yet published.
Year-end expectations put the increase at about 10 percent for SSK and Bağ-Kur retirees and about 8 percent for civil servant retirees. These are projections, not official rates. The current lowest pension is 23,552 lira. A 10 percent rise would lift it to an estimated 25,907 lira, and adding the 15 percent payment would bring it to about 29,793 lira.
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