What are the latest EYT developments? Will there be an EYT age requirement?

There are new developments at EYT, where millions of citizens are fighting to become law. AKP Group Vice President Muhammed Emin Akbaşoğlu said: “We are planning to make the arrangements regarding the recruitment of EYT and contract staff in December. In the worst case, we will witness its enactment in early 2023,” he said. While there is no age requirement with EYT, it is necessary to meet the insurance period and premium days conditions other than the required retirement age.

WILL THE EYT AGE REQUIREMENT REACH?

Vedat Bilgin, Minister of Labor and Social Security, announced that there will be no age limit in his previous statements, and that those who have completed the insurance period of 20 years for women and 25 years for men and who have completed 5,000 days of premium will benefit from regulation.

Although it is not yet certain, there has been some recent talk that an age requirement may be sought for the EYT. The decision is expected to be made after a new meeting.

Consequently, the age limit of 48 years for women and 50 for men came to the fore. It is claimed that due to the retirement of two million EYT people, an age requirement will be introduced to reduce the burden on the budget.

WHAT ARE EYT LAST MINUTE DEVELOPMENTS?

Explaining the date on which Minister Bilgin will be entitled to retire, Bilgin said: “The net date for the EYT is September 8, 1999. Even if there is a right to debts for attrition, birth and military service, the start date cannot be withdrawn. These are made only to complete the remaining days of premium. In other words, it makes up for the missing premium days. But don’t go back to the beginning. There is no such thing.” He said.

FORMULA OF 5 POINTS

Emphasizing that if retirees continue to work, their premiums increase by 5 points compared to normal employees and that employers want this difference to be eliminated after the implementation of the EYT regulation, Bilgin said: We will lower the premium there to a level Same. In other words, don’t throw this EYT employee to the employer, put him to work. We will give you a premium to support social security”. he said she.

Regarding the severance pay for EYT members, Minister Bilgin said, “The government also has some formulas on this issue.” he said he. Bilgin used the following statements;

“First of all, it’s not a big problem. Because the employer deducts the severance pay from taxes. In addition, the employer can make the indemnity in installments by agreement between the worker and himself.

DATE GIVEN FOR EYT

AKP Group Vice President Muhammed Emin Akbaşoğlu made remarks on the retirement age (EYT) at the press conference he held in Parliament.

Akbaşoğlu said, “We are planning to make arrangements regarding the recruitment of EYT and contract staff in December. In the worst case, we will witness its enactment in early 2023,” he said.

WHO IS COVERED BY EYT?

Asked if internship and apprenticeship insurance is considered a start for EYT, Bilgin said: “They are different. They are not within the scope of EYT anyway. No problem with insurance holders. Apprenticeships and internships are not an insurance entry. They are a system developed to protect health insurance.” she gave the answer.

Noting that a regulation on EYT will be issued, Bilgin stated that they will share the details of this regulation with the public after necessary calculations.

WHAT IS EYT, IS THERE AN AGE REQUIREMENT?

EYT (retirement age) is considered to be those who start their insurance before September 9, 1999. Because before September 9, 1999, it was possible to retire by fulfilling the conditions of premium day and insurance period without requiring age, but with The modification made on September 8, 1999 introduced the age requirement and conditions of the insurance period in addition to the premium day.

To be considered a member of the EYT, the start of the insurance must be prior to September 9, 1999, and it is necessary to meet the conditions of insurance period and premium day other than the age required for retirement.

HOW MANY PEOPLE HAVE EYT?

Minister Bilgin revised the number of people who will be eligible for retirement in the first place from 1.5 million to 2 million. At least 109 billion lire will enter the house of the new retirees every month.

Vedat Bilgin, Minister of Labor and Social Security, said that the number of people who will be entitled to retire from today could reach 2 million in the new year, if the regulation on the retirement age (EYT) comes into force. ). With Bilgin’s explanation, the cost calculations were changed from scratch.

According to calculations, if 2 million people retire instead of 1.5 million as soon as the law is enacted, with the lowest pension payment, which is 3,500 TL today, the pension that SGK will pay to the EYT survivors from 5.2 billion to 7 billion lira, and the annual payment of 63 billion lira to 84 will reach billions of dollars. However, from the new year it seems inevitable to increase the lowest pension along with civil servants and pensions. Normally, retired workers, merchants and farmers receive an increase equal to the inflation of the last 6 months. The upward trend in inflation indicates that in the period July-December 2022 there will be a CPI of around 17 percent. The fact that the real cost of living is much higher, it is an election year and the statements that the government will announce a high increase in the new year show that the increase can be increased to the range of 30-50 percent.

MAY HAVE 120 BILLION

For example, if the pension is increased by 30 percent at the beginning of the year and the lowest pension is increased to 4,550 lira at this rate, the annual pension payment to 2 million new retirees will be around 109, 2 billion lire. Assuming that EYT members receive an average pension of 5,000 lira, the total annual pension to be paid by the SGK will reach 120,000 million lira.