Business National
Civil servants’ wages to be increased by 1.06 percent
Deviations from the initial forecasts in the inflation rate mean that the government will increase the salaries of civil servants by an extra 1.06 percent, effective retroactively.
Today's interactive toolbox Video Photo Audio Send to print Send to my friend Post your comments Read comments The 2010 budget envisioned wages of civil servants, pensioners who have retired from government institutions and contract employees working in public offices to be raised by 2.5 percent every six months, a cumulative increase of 5.06 percent. But the budget details state that if the actual figure of the consumer price index (CPI), the base indicator for civil servants’ wages, deviates from the initially foreseen rate of 2.5 percent, this difference would be reflected in salaries. According to data released by the Turkish Statistics Institute (TurkStat) yesterday, the CPI grew by 3.59 percent in the first half of the year compared to one year before, exceeding the wage increase of 2.5 percent. As a result, the government will now increase the initially set 2.5 percent raise to 3.59 percent for the second half of the year. A 1.06 percent rise in salaries will result in an increase in civil servants’ monthly earnings of between TL 13.3 and TL 49.5, depending on seniority. The wage adjustments will be retroactive, and payment for the first six months of the year will be made by mid-month. Finance Minister Mehmet Şimşek said previously that a 1 percent increase in the wages of civil servants due to fluctuations in inflation will cost the government around TL 780 million.
06 July 2010, Tuesday
TODAY’S ZAMAN İSTANBUL Source:www.todayszaman.com