Those who missed EYT need not worry! A new window has opened in retirement: Those who learn the conditions will be relieved

The biggest dream of anyone who has worked day and night for many years is to retire and live a comfortable life. If you wanted to retire but missed that opportunity when the EYT Act was passed, don’t worry, a new regulation is coming to provide that opportunity. Details are in our news…

NEW RETIREMENT OPPORTUNITY IS COMING FOR THOSE WHO MISSED EYT! THE DETAILS ARE REVEALED

New good retirement news has been announced for millions of citizens who cannot benefit from EYT. Before the Pensions Act 1999, people with insurance could retire without any age limit. While retirement benefits are available to approximately 3 million citizens who have completed their premium and coverage periods, this number is expected to rise to 5 million in the next few years. For those who take out insurance after this date, the graduation age requirement applies. In other words, a gradual bonus system applies to partial retirement. Meanwhile, new regulations open the door to social benefits and pensions for housewives. The proposal has completed its final preparations and will soon be submitted to Parliament.

He said that according to the hot development, there is a new group of bills on the agenda of the Congress that affect millions of people. The most prominent issue in this omnibus bill is retirement options for housewives.

An insurance system will be introduced for housewives who do not have their own insurance or social security. Housewives can get social security through the Voluntary Insurance Scheme.

GOVERNMENT SUPPORT FOR THE PAYMENT OF INSURANCE PREMIUMS

The support funds that will be activated with the establishment of the Family Youth Bank correspond to one third of the insurance premium. According to the current minimum wage, this amount corresponds to 1,430 lira per month.

The state pays a third of the monthly insurance premium. This means that housewives can retire earlier with lower premium payments.

EXPECTED TO ARRIVE FOR ASSEMBLY SHORTLY

Housewives can also use social and health benefits free of charge. If the BAĞ-KUR and SSK premiums are equalized, the partial retirement requirement may be reduced from 5,400 days to a maximum of 4,500 days.

In the second phase, early retirement options come into play depending on the number of children. In the third step, wear regulations for working mothers should be created. The last step concerns the birth debt. A joint proposal is expected to be submitted to Parliament soon.

Under the Upper Average Retirement Age (EYT) Regulations, the retirement age requirement has been removed for people who had access to insurance before the 1999 Act. Since 3 March, around 2 million EYT members have applied for and become eligible for a pension .

The total is expected to approach 5 million as EYT members who expect to meet their bonuses and annual needs meet their pension conditions.

According to reports from Faruk Erdem in Sabah, the EYT regulation covers the period before 8 September 1999, so concerns have started to arise about the pension status of policyholders after that date.

The graduation age requirement applies to insured persons who are not entitled to EYT. These age requirements are also determined by the date of employment.

Which legislation will apply when granting retirement entitlements to employees or pensioners depends on the date of entry of the main insurance.

The provisions of these laws apply to persons who were insured under Social Security Law No. 506 before Social Security and General Health Insurance Law No. 5510 came into effect, and your rights will continue to be protected.

AGE REQUIREMENTS ARE ALSO DETERMINED BY DATE OF EMPLOYMENT.

The conditions of the insurance period were set for those who first started working as insured persons before 8 September 1999 in order to receive an old-age pension. The conditions must be met along with the number of days of premium payment.

The EYT Act applies to these insured persons. As of March 23, 2002, those who have completed 15 years of participation, 3,600 days of premium payment, and those who are 50 for women and 55 for men will be eligible to retire.

Those who cannot currently meet these conditions will have a gradual transition period depending on the date they meet the conditions. At this point, certain termination conditions occur.

WHAT SHOULD THOSE WHO ARE NOT EYT REGISTRATORS DO?

If a person starts work for the first time under an employment contract between September 8, 1999 and April 30, 2008, they are considered insured.

If you reach the age of 58 for women and 60 for men and pay 7,000 days of disability, old-age and death insurance premiums, you can receive an old-age pension if one of the payment conditions is met. When a death is confirmed and funeral allowance is paid.

*Employees who signed a service contract for the first time after April 30, 2008 are subject to the conditions set forth in Law No. 5510 to be considered insured and entitled to a pension.

If you are 58 years old for women and 60 years old for men and you have paid 7,200 days of disability insurance premiums, old age insurance premiums and death premiums by January 1, 2036.

If the condition of paying disability insurance premium, old age insurance premium and death insurance premium for 7200 days after January 1, 2036 is met, the person will become old age according to the age limit in the daily time range.

The table for meeting the retirement age requirement on a daily basis is as follows.

DATE OF EMPLOYMENT – WOMEN – MEN – BONUS TERM

01.05.2008- 31.12.2035- 58- 60- 7200

01.01.2036- 31.12.2037- 59- 61- 7200

01.01.2038- 31.12.2039- 60- 62- 7200

01.01.2040 – 31.12.2041 – 61 – 63 – 7200

01.01.2042 – 31.12.2043 – 62 – 64 – 7200

01.01.2044 – 31.12.2045 – 63 – 65 – 7200

01.01.2046 – 31.12.2047 – 64 – 65 – 7200

01.01.2048 ————– 65 – 65 – 7200

For example; If a woman 4/insured working on a service contract fulfills the condition of reporting 7,200 days of disability, old age and death premiums as of 10/10/2037, she can retire at the age of 59.

According to this provision, the age at which men and women start receiving the old-age pension will be equal from 2048 and will be 65 years. Furthermore, some exceptions were established for the payment of old-age or long-service pensions.

From 2036, the age limit will gradually increase by three years to 58 for women and 60 for men, and premiums for disability insurance, old-age insurance and death benefits will be provided up to the age of 65.

It will be increased by 3 years and payment terms will be established. Based on the 5400 basis, it determines the date when the condition of paying the premium of 5400 days is met. You can receive a retirement pension at any age.

The table below shows the retirement age according to the date of fulfillment of the daily requirement.

DATE OF EMPLOYMENT – WOMEN – MEN – BONUS TERM

01.05.2008 – 31.12.2035 – 61 – 63 – 5400

01.01.2036 – 31.12.2037 – 62 – 64 – 5400

01.01.2038 – 31.12.2039 – 63 – 65 – 5400

01.01.2040 – 31.12.2041 – 64 – 65 – 5400

01.01.2042 – 31.12.2043 – 65 – 65 – 5400

01.01.2044 – 31.12.2045 – 65 – 65 – 5400

In this case, however, the number of premium payment days for insured persons who signed a contract for the provision of services and entered employment for the first time between April 30, 2008 and December 31, 2008 will be 5,400 days. The number of days of premium payment may not exceed 4,600 days and 5,400 days.

The practice is expected to be phased in with an additional period of 100 days each year for those deemed insured when they return to work after first signing a service contract after several years. Partial retirement is also possible here and the condition of 25 years is not required.

This table is as follows:

DATE OF EMPLOYMENT – WOMEN – MEN – BONUS TERM

01.05.2008 – 31.12.2008 – 61 – 63 – 4600

01.01.2009 – 31.12.2009 – 61 – 63 – 4700

01.01.2010 – 31.12.2010 – 61 – 63 – 4800

01.01.2011 – 31.12.2011 – 61 – 63 – 4900

01.01.2012 – 31.12.2012 – 61 – 63 – 5000

01.01.2013 – 31.12.2013 – 61 – 63 – 5100

01.01.2014 – 31.12.2014 – 61 – 63 – 5200

01.01.2015- 31.12.2015 – 61 – 63 – 5300

01.01.2016 ————– 61 – 63 – 5400

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