Law enacted, salaries in April

The EYT (Retirement Age) regulation, which is expected by millions of employees, was enacted by Parliament on the condition of premium days and insurance period. With the regulations, which will first benefit 2,250,000 EYT affiliates, it will be possible for those who deserve retirement to receive both the pension and the Fiesta del Azúcar bonus in April if they request it through e-Government in March.

Vedat Bilgin, Minister of Labor and Social Security, said: “They will be applied after the regulation is published in the Official Gazette. No need to worry, no need to panic. No one will be harmed,” he said. We have compiled the details of the regulation and the application process in 10 questions.

What will EYT do now?

1 – Who does the EYT regulation cover?

Anyone who started working as an insured with the status of SSK, BAĞ-KUR or Pension Fund before September 8, 1999 will be able to retire under EYT. In the adopted regulation, the condition of age was suppressed, maintaining the condition of premium day and the insurance period.

2 – What will be the retirement conditions of EYT members who are subject to SSK, BAĞ-KUR and Retirement Fund?

5,000-5,975 days of premium and an insurance period of 20 years for women and 25 years for men will be required for SSK members with EYT. BAĞ-KUR men and members of the Pension Fund will have the right to retire after completing 9,000 days of premium and women 7,200.

3 – Does the military debt advance the date of entry of the insurance?

When the insured has done military service before starting work and the start date of the insurance is between September 9, 1999 and March 8, 2001, when they contract a military debt of 18 months, the start date of the insurance will withdraw as much as the period was owed to them. The remaining days of premium can be completed with the maternity debt.

4 – When will pension applications be made?

The applications will begin from the publication in the Official Gazette of the law that contains the EYT regulations. After the EYT members, who have met the conditions, submit a retirement application, the process will be executed. Applications can be made in person at SGK addresses or through e-Government.

5 – When will the first salary payment be?

The pensions of those who submit their application any day in March will be effective as of April 1. If there is a gap in the first salaries due to density, a lump sum payment will be made taking into account the date of April 1. EYT members will also be able to receive a bonus of 1,100 lira due to the Sugar Festival in April.

6 – How much salary will EYT members get?

Pensions vary according to the number of premium days and the duration of the employee. Here there are different levels according to the working hours before 2000, between 2000-2008 and after 2008, but the average salary will be around 6,000 TL.

7- Will those who do not comply with the number of premium days and insurance period be able to retire?

Those who started working before September 8, 1999 but have not fulfilled the conditions of number of premium days and duration of the insurance may submit a retirement application from the date on which both conditions are fulfilled. They have to wait until that date.

8- What are the periods and areas in which those who lack a premium day can provide their services?

Periods of military service, periods of inactivity after birth up to 2 years for each child, periods of doctoral education or specialization in medicine without insurance, periods of honorary medical assistantships, periods of study abroad, foreign loans.

9 – Do EYT members have to retire immediately?

Those within the scope of the EYT who are eligible for retirement can apply for retirement at any time. They do not have to retire immediately, but late retirees suffer a loss of income since they will start receiving their pensions late.

10 – How many days does an EYT student have to return to the same job?

In accordance with the law, for EYT employees who continue to work at the same workplace after retirement, the employer’s share of the social security support premium will be reduced by 5 points. To apply a 5-point premium discount, it has been determined that the time allowed to start work at the same place of employment after retirement is 30 days.