Current Status of Retirement Holiday Bonuses

Professor Dr. Cem Kılıç assessed the most curious topics related to work life and social security. Kılıç specifically addressed critical issues such as the wage increases for public sector workers, pension amounts for retirees, unemployment benefits, overtime payments, and retirement under the EYT scheme. The retirement regulations for insured individuals after October 1, 2008 remain unchanged. Misconceptions regarding overtime payments and working hours were clarified. The reasons why the pensions of those retiring in 2024 are calculated lower were explained.
– At what stage is the wage increase process for public sector workers? Approximately 1 million public sector workers are awaiting the wage increase rates under the collective bargaining agreement. A definitive figure has not been announced yet. The wage rates will be determined through the public sector framework protocol. Turk-Is and Hak-Is labor unions are conducting negotiations with the government. The process will accelerate towards mid-March, and the wage increase rate is expected to be finalized in April. The wage amount will be determined considering the latest inflation data.
– Can retirement holiday bonuses be updated?
One of the most curious topics before the holiday is whether the retirement holiday bonuses will be increased. The Minister of Labor and Social Security, along with the Ministry of Finance and the Deputy Presidency, stated that discussions are ongoing. However, a precise figure has not been determined yet. According to economic conditions, a decision will be made on whether there will be an increase in holiday bonuses.
– Are there any retirement restrictions for insured individuals after October 1, 2008?
Recently, on social media, there have been rumors spreading that insured individuals after October 1, 2008, cannot work after retiring and their pensions would be cut. This claim is incorrect, but a misconception has arisen. Those insured after October 1, 2008, cannot work by paying social security support premium after retirement. However, there is no situation where their current pension would be cut. This regulation has been in effect for 15 years and is not a new development. The number of individuals impacted by this law is expected to increase towards 2030.
– For how many hours per day can overtime payments be made?
The weekly working hours is 45 hours. Overtime calculations consider hours above this limit. The maximum daily working hours can be 11 hours. The annual overtime hours cannot exceed 270 hours. If more than 11 hours are worked, the employee may be entitled to compensation for termination.
– When will a woman with a 2004 insurance entry retire?
An insured individual asked when she would retire, having an insurance entry in June 2004 and 3762 premium days. Women with insurance starting after 2000 require 7,000 days of premiums and must be 58 years old to retire. Currently, she needs to pay an additional 3,238 days of premiums. Alternatively, with 4,500 days of premiums, 25 years of insurance, and at the age of 58, she can retire. If she completes the 4,500 days of premiums and does not pay further, she can retire in 2029.
– What are the requirements for receiving unemployment benefits?
An insured individual asked whether she could receive unemployment benefits if she voluntarily left her job. To be eligible for unemployment benefits, one must be terminated by the employer. Those who leave voluntarily cannot receive unemployment benefits unless they have a justifiable reason. Those who have paid a minimum of 600 days’ premiums in the last three years can receive unemployment benefits for 6 months; those who paid 900 days can receive benefits for 8 months, and those who paid 1080 days can receive benefits for 10 months. General health insurance coverage is available during the unemployment benefits period.
– Are the pensions of those who retire in 2024 lower?
Recently, those applying for retirement noticed that pensions granted in 2024 are lower. There is around a 30% decrease in retirement pensions granted in 2024 compared to 2023. This difference is due to changes in inflation rates and pension calculation systems. The pensions of those retiring this year will be calculated lower.
– When will someone who entered insurance in 1998 retire under the EYT scheme?
An insured individual who entered insurance on October 10, 1998, and asked whether she could retire under the EYT scheme. Someone who entered insurance in 1998 falls under the EYT scheme. Male insured individuals require 5,900 premium days and 25 years of insurance to retire. If this premium day requirement is met, retirement can be immediate.