When will the 5,000 TL retirement bonus be paid and to whom will it be given?
Details about the one-time retirement bonus to be awarded on the occasion of the centenary of Republic Day were announced by President Erdoğan, who spoke recently after the Cabinet meeting. The bonus, from which only some of the millions of retired citizens will not be able to benefit, will be partially paid to those who receive widow’s and orphan’s pensions.
Minister of Labor and Social Security Vedat Işıkhan put the last point on the 5,000 lira retirement bonus, which is a topic of debate because it will only be granted to retirees who do not work. Minister Işıkhan said: “We have completed the regulation. We exclude working retirees from the scope. “The scope of retirement benefits will not be expanded,” he said.
WHEN WILL THE RETIREMENT BONUS BE PAID?
President Erdoğan stated that the one-time retirement bonus, which will be delivered on the occasion of the centenary of the Republic, will be deposited into the accounts during the first two weeks of November.
WHO WILL GIVE THE 5000 TL RETIREMENT BONUS?
After the cabinet meeting, Erdoğan announced who will receive the retirement bonuses. Erdoğan announced that no retirement bonuses will be given to retirees who continue to work.
“We exclude from this regulation our retirees who have retired but continue to actively work. These payments will be deposited into the accounts of our retirees starting in the first half of November. At the beginning of the year we will review the situation of our retirees and make all possible sacrifices. “I hope this decision will be beneficial.”
WILL THOSE WHO RECEIVE A WIDOW’S AND ORPHAN’S PENSION RECEIVE A RETIREMENT BONUS?
Those who are widowed and have no children are expected to benefit from the bonus at the rate of 75 percent, those who are widowed and have children at the rate of 50 percent, and orphans at the rate of 25 percent.
Consequently, it is stated that payments for citizens with children and widows will be 2,500 TL, and the payment for orphans will remain at 1,250 TL.
Source: Sozcu

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.