As the end of the year approaches, the cost calculation comes to the fore for those who want to complete their missing premium days for retirement by borrowing and for tradesmen who plan to revitalize Bağ-Kur.
Since birth, military service, foreign borrowing and Bağ-Kur revival amounts are calculated based on the minimum wage, the new minimum wage, which will be valid in 2027, will also directly affect borrowing costs.
For this reason, there may be a significant difference between the amounts faced by those who apply before the end of 2026 and those who apply after January 1, 2027.
MINIMUM WAGE PROCESS WILL START IN DECEMBER
The Minimum Wage Determination Commission is expected to meet in December to determine the minimum wage that will be valid in 2027.
The new minimum wage is expected to be announced on December 31 at the latest.
While determining the new wage, employees' living conditions, purchasing power and employer costs, as well as the inflation outlook, will be monitored.
While three-month inflation was 5.57 percent, the 2026 year-end inflation is predicted to be 28.4 percent in the 2027-2029 Medium Term Program. Market expectations are in the 29-30 percent range.
25-30 PERCENT INCREASE SCENARIO FOR MINIMUM WAGE
The current net minimum wage is 28 thousand 75 lira and 50 kuruş.
In the 25 percent increase scenario, it is calculated that the gross minimum wage will increase to 41 thousand 287 lira and 50 kuruş, and the net wage will increase to approximately 35 thousand 95 TL.
In case of a 30 percent increase, the gross wage is expected to be 42 thousand 939 TL and the net minimum wage is expected to be approximately 36 thousand 500 TL.
If an increase is made as much as the year-end inflation forecast of 28.4 percent in the MTP, it is calculated that the gross wage will increase to approximately 42 thousand 410 TL and the net wage will increase to 36 thousand 49 TL.
These figures do not represent final raise rates, but possible scenarios.
BORROWING COSTS ALSO DEPEND ON THE MINIMUM WAGE
The lowest borrowing amounts to be paid by those who want to complete their missing premium days for retirement are calculated according to the minimum wage.
While the calculation for birth debt is based on 32 percent of the minimum wage, the rate for military service and foreign debt is 45 percent.
The amount to be paid by tradesmen who want to revive previously suspended premium days within the scope of Bağ-Kur is also affected by the change in the minimum wage.
Therefore, if there is an increase in the minimum wage of 25-30 percent in 2027, there may be a similar increase in borrowing costs.
DIFFERENCE EXCEEDING 75 THOUSAND TL IN 18-MONTH MILITARY SERVICE DEBT
In the scenario where the 28.4 percent inflation forecast in the MTP is reflected exactly in the minimum wage increase, the difference in military debt draws attention.
It is calculated that the cost of an insured who pays 267 thousand 534 TL for 18 months of military service debt today may increase to 343 thousand 512 TL in 2027.
In this case, the difference will be 75 thousand 978 TL.
COST OF BIRTH DEBT MAY EXCEED 325 THOUSAND TL
The current cost of a 24-month birth loan for a child is 253 thousand 656 TL.
In the same 28.4 percent increase scenario, this amount is expected to increase to 325 thousand 680 TL.
Thus, there may be an increase of 72 thousand 24 TL in the cost of birth debt for a single child.
DIFFERENCE EXCEEDING 50 THOUSAND TL IN BAĞ-KUR REVIVAL
There is a similar cost increase for tradesmen who want to restore missing premium days within the scope of Bağ-Kur.
While 178 thousand 356 TL will be paid for a one-year revival in 2026, this amount is calculated to increase to 229 thousand 8 TL in the 28.4 percent increase scenario.
Thus, an additional cost of 50 thousand 652 TL may arise in just one year of Bag-Kur revival.
YOU CAN EARN BONUS FOR UP TO 6 YEARS WITH BIRTH DEBT
Female insured women can borrow up to 720 days of maternity loan for each child if they meet the necessary conditions.
The total borrowing period for three children can be up to 2,160 days, that is, up to 6 years.
These periods can be used to complete the number of premium days.
APPLICATIONS WILL BE FEATURED BY THE END OF THE YEAR
Those who apply for a loan do not need to make payments on the same day.
Applications for military service and maternity loans can be made via e-Government or Social Security Institution (SGK) directorates.
