How much will the updated pension payments with additional payments be for SSK, SGK and Bağ-Kur in January 2020? There is encouraging news for our retired citizens: if approved, the additional monthly payment rate currently paid to retirees—typically 4% or 5%—would be increased to 8%. If this widely requested change is accepted, how much would the increase for SSK, SGK and Bağ-Kur pensioners be? In this article you can find the additional payments that all retirees are eagerly awaiting and would receive if the change is approved.
Currently, the additional monthly payment rates for retirees range between 4% and 5%. If the planned increase for retirees is implemented, the additional payment rate would rise to 8%. There are nearly 13 million retirees across the country. With the new year approaching and the recent rise in the minimum wage, pensioners are hoping to receive higher pensions.
Retirees closely follow any news that could increase their pensions. The possibility of raising the additional monthly payments for retirees has become a topic of discussion. If the requested change is implemented, how will pension amounts change? All of these details are provided below.
If the 2020 Additional Payment for Retirees Is Raised to 8%
The Association of Turkish Retirees has requested that the monthly additional payment given to retirees be raised to 8%. If this request is accepted, pensioners would see a significant increase in their monthly income. How would total pension amounts, including the additional payment, change if the request is approved? Below are the projected increases for January 2020 pension payments that include the additional payment.
A retiree receiving a 2,000 TL pension currently receives a monthly additional payment of 80 TL. If the additional payment rate increases to 8%, that additional payment would rise to 160 TL. As a result, SSK, SGK and Bağ-Kur pensioners would see their additional payment increase by at least 35.96 TL and at most 241.15 TL, depending on their pension level.
A retiree with a net pension of 1,198.74 TL currently receives a monthly additional payment of 59.94 TL. With the increase in the additional payment rate, this amount would rise to 95.90 TL. A retiree receiving the highest pension of 6,028.72 TL would see their additional payment increase to 482.30 TL. These examples illustrate how the additional payment amounts would change if the request from the Association of Turkish Retirees is approved.
2020 Pension Amounts Including the Increased Additional Payment
Pension payments for retirees vary between a minimum and maximum amount. Below are sample calculations of pension amounts based on the current minimum and maximum pensions, showing the additional payment today and the projected amount if the additional rate is increased to 8%.
2020 Minimum Pension
- Net Pension: 1,198.74 TL
- Current Additional Payment (5%): 59.94 TL
- New Additional Payment (8%): 95.90 TL
- Difference: 35.96 TL
2020 Maximum Pension
- Net Pension: 6,028.72 TL
- Current Additional Payment (4%): 241.15 TL
- New Additional Payment (8%): 482.30 TL
Difference: 241.15 TL