SGK ceiling wage is a concept used in calculating social security contributions. The SGK ceiling wage sets the upper limit of insured workers’ monthly gross earnings or the retirement-qualifying earnings for BAĞKUR members.
It is determined each year as 7.5 times the minimum wage. The SGK ceiling wage affects retirement pensions. Below we explain how much the SGK ceiling wage for 2024 is, and provide details on the SGK contribution ceiling, BAĞKUR ceiling, and maximum SGK retirement pension.
What Is the SGK Ceiling Wage?
SGK ceiling wage is the upper limit of the daily earnings base used to calculate premiums under Article 82 of Law No. 5510 on Social Insurance and General Health Insurance. It establishes a cap on the earnings taken into account when computing contribution obligations.
The ceiling is a measure designed to preserve balance in the contribution system. By applying an SGK ceiling wage, contributions paid by high-income insured persons are not disproportionately larger than those paid by lower-income insured persons, supporting the sustainability of the social security system.
It also limits the retirement pensions of high earners, reducing disparities among pension amounts and contributing to greater fairness across beneficiaries.
What Is the 2024 SGK Contribution Ceiling?
For 2024, the gross minimum wage was set at 20,002.50 TL. Accordingly, the 2024 SGK contribution ceiling — calculated as 7.5 times the minimum wage — is 150,018.75 TL per month.
The daily SGK contribution ceiling can be found by dividing the monthly ceiling by 30. For 2024, the daily SGK contribution ceiling is 5,000.63 TL.
The SGK contribution ceiling is used to calculate the social security contributions that insured persons and employers must pay. Contribution amounts are determined by applying statutory rates to the insured person’s monthly gross earnings, but amounts exceeding the SGK ceiling are not included in the contribution base.
Note: The SGK contribution ceiling affects entitlement to social security benefits such as retirement, disability, survivor’s benefits, work accident and occupational disease coverage, sickness, maternity, and unemployment. It also plays an important role in determining pension amounts.
What Is the 2024 BAĞKUR Ceiling Wage?
BAĞKUR ceiling wage is the upper limit of the retirement-qualifying earnings for self-employed contributors under BAĞKUR. This ceiling is the same as the SGK contribution ceiling and is set at 7.5 times the minimum wage.
BAĞKUR ceiling wage for 2024 is applied as follows:
- BAĞKUR ceiling wage (monthly): 150,018.75 TL
- BAĞKUR ceiling wage (daily): 5,000.63 TL
- BAĞKUR ceiling wage (hourly): 625.08 TL
What Is the 2024 Maximum SGK Retirement Pension?
SGK maximum retirement pension represents the highest pension an insured person can receive based on contributions paid up to the SGK ceiling wage. The actual pension amount varies depending on retirement conditions, total insured days, contribution amounts, and the pension calculation rate.
Estimated maximum SGK pensions for 2024 can be approximated as follows, though actual entitlements depend on individual records and the legal calculation formulas:
- SSK maximum pension (for those who retired before 2000): approximately 20,000 TL
- SSK maximum pension (for those who retired after 2000): approximately 15,000 TL
- BAĞKUR maximum pension (tradespeople and artisans): approximately 10,000 TL
- BAĞKUR maximum pension (agricultural insured): approximately 7,500 TL
- Pension Fund (civil servant) maximum pension: approximately 25,000 TL
What Is the 2024 SGK Contribution Floor?
SGK contribution floor is the lower limit of monthly earnings used to calculate social security contributions. It is determined as one-thirtieth of the minimum wage. With the 2024 gross minimum wage set at 20,002.50 TL, the SGK contribution floor was updated to 666.75 TL per month.
The 2024 SGK contribution floor is applied as follows:
- SGK contribution floor (monthly): 666.75 TL
- SGK contribution floor (daily): 22.23 TL
- SGK contribution floor (hourly): 2.78 TL
We have shared the 2024 SGK ceiling wage figures and the key details related to contribution ceilings and floors. If you have questions, comments, or suggestions, feel free to leave them in the comments section.