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[BUSINESS] · Türkiye · 8 sources

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Türkiye 2027 wage and pension increase scenarios emerge

As the Minimum Wage Determination Commission prepares to meet in December, various economic scenarios and expert predictions have emerged regarding minimum wage and pension increases for 2027 in Türkiye.

For the minimum wage, three primary scenarios are being discussed. A 25% increase would raise the current net wage of 28,075 TL to approximately 35,094 TL. A 30% increase would bring it to roughly 36,497 TL. Based on the Medium-Term Program’s inflation target of 28.4%, the wage could reach 36,049 TL. Economist Mahmut Aydoğmuş has suggested a higher estimate of approximately 37,000 TL, noting that a significant portion of any increase may be required simply to compensate for the loss of purchasing power caused by inflation throughout 2026.

Regarding pensions, SSK and Bağ-Kur retirees are awaiting adjustments based on six-month inflation data. With the three-month inflation rate currently at 5.57%, experts predict the minimum pension could rise to between 25,601 TL and 26,079 TL depending on year-end inflation outcomes. For civil servants and retirees, increases are expected to be influenced by both inflation differences and collective bargaining agreements, with estimates ranging between 7% and 10%.

Aydoğmuş warned that even a 37,000 TL minimum wage might fall below the hunger limit, which Türk-İş reported at 37,801 TL for a four-person family in September.

Entities

Central Bank of the Republic of Türkiye · Mahmut Aydoğmuş · Minimum Wage Determination Commission · Turkey · Turkish Statistical Institute · Türk-İş · Özgür Erdursun