Central Bank Announced! Officer and pension quotas settled!

The Central Bank of the Republic of Turkey (CBRT) recently announced the results of its November 2022 Market Participant Survey. After the announced survey, the investigation of the official and pensioner salary table was started. Here are the details…

With the end of the year approaching, pay rises for pensioners and civil servants are among the most discussed topics in recent times. After the MB recently shared the results of the November market participants survey, it has started investigating the wage rates of civil servants and pensioners. After answering the survey of 41 professionals, in which representatives of the financial and real sectors took part, salary increases for civil servants and pensioners became evident.

Central Bank Announced!

The battle against high inflation in global markets continues. We can say that one of the main reasons for this high inflation was the coronavirus, which spread quickly and took effect around the world in 2019. Therefore, as in the whole world, there were also closures in Turkey for days. The closure resulted in interruptions in the production supply and chain. This led to high inflation.

Now if we ask what is the main cause of the pandemic. According to experts, the effects of climate change are seen in this. Indeed, climate change is now called the climate crisis, and we are witnessing many of its effects. Therefore, we can say that the effects of the climate crisis are indirectly, if not directly, at the root of the economic crisis affecting the world today.

The central bank announced the results of the November market participants survey. After the announced dates, eyes turned to civil servants and pensioners. As we neared the end of 2022, we began examining rates of increase in civil servants, pensions, and minimum wages due to high inflation. In this regard, we can say that December will be fully completed after the inflation rates are announced. In this context, the increase in civil servants, pensioners and minimum wages will be clarified in January 2023.

Officer and pension quotas settled!

The Central Bank has announced the results of the November 2022 Market Participant Survey. Representatives of the real and financial industry took part in the survey, which was answered by 41 participants. In addition, the results were evaluated by summing the participants’ answers. If we look at the results of the survey, the year-end participants’ current consumer inflation expectation (CPI) was 67.78% in the previous survey period, while it was 68.06% in this survey period. A year later, the CPI expectation was 37.34% in the previous survey, while it was 37.47% in this survey. Two years later, it was announced that the CPI expectation was realized at 21.17% and 20.76%, respectively, over the same survey period.

According to the survey result, the inflation expectation was 68.06%, which led to a recalculation. Within the framework of this expectation, the pension and civil servant salary increase table was also implemented. If we look at salaries by changing table, there are differences. It is said that the lowest civil servant salary under the new account is expected to be 10,845 TL according to the Central Bank’s latest survey. In addition, it was expected that the lowest civil servant pension under the same account would be 7235 TL.

In addition, it is expected that the lowest salary of pre-2000 SSK pensioners under the Central Bank inflation survey in November will be 5,000 533 TL, and the lowest salary of SSK pensioners after 2000 will be 3,000 413 TL. While the lowest salary for the Bağ-Kur pensioner with the same account is expected to be 4955 TL, it is stated that for the Bağ-Kur agriculture pensioner this figure will be 3937 TL. If we look at the salaries of officials, it is found that there are expectations that the salary of the general director, namely the branch manager, will increase ¼ of it to 35,490 TL, that is, ¼ of the student will receive a salary of 18,000 868 TL, and that Salary of a 9/1 officer with a bachelor’s degree will increase to 11,557 TL.

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