The retirement bonus for the elderly had increased by 50% last year, reaching the level of 3,000 Turkish Lira. The rate of increase in the holiday bonus, which will be benefited by SSK, Bağ-Kur, Retirement Fund, and other eligible individuals, will be clarified today. An increase of 33% is expected to raise the holiday bonus to 4,000 Turkish Lira.

The final decision on the increase in the holiday bonus for millions of retirees is nearing completion. The amount will be clarified today. It is anticipated that the current holiday bonus, which is 3,000 Turkish Lira, will increase by 33% to 4,000 Turkish Lira. A legal regulation is necessary for the increase in the retirement bonus. In the upcoming week, if a decision on the rate of increase is made, the regulation is expected to be sent to the Presidency of the Assembly. Retirees receive bonuses for Ramadan and Eid-al-Adha each year. This year, holiday bonuses will also be paid in March and June.

ECONOMIC ADMINISTRATION ANALYZED 3 DIFFERENT SCENARIOS The economic administration met this week to discuss the increase in the holiday bonus for retirees. Impact analyses were evaluated for three separate scenarios of increases prepared by the bureaucrats of the Ministry of Treasury and Finance.

Currently, the budget’s cost for the 6,000 Turkish Lira bonus given to retirees for two holidays is 99 billion lira. If the bonus is increased to 4,000 lira, an additional cost of 34.5 billion lira will be incurred. 16 MILLION RETIREES WILL BENEFIT Approximately 16 million retirees will benefit from the regulation. Those who become eligible for retirement as of March 1st will also receive the holiday bonus.