“I submitted my retirement application to the institution I work for on December 11, 2023, but I plan to terminate my employment on January 16, 2024. If this happens, I wonder whether my retirement severance will be calculated based on the application date of December 11, 2023, or based on the date I end my employment, January 16, 2024. I would like to know whether submitting the application on December 11, 2023 will cause me any financial loss or not.”
This question is essentially similar to asking whether receiving the December 15, 2023 salary and retiring is enough to benefit from the January 2024 coefficient increase, or whether you must receive the January 15, 2024 salary. To benefit from the coefficient increase that takes effect in January 2024, it is not strictly necessary to wait until January 15, 2024.
If you receive your December 15, 2023 monthly pay and your employment is terminated on December 16, 2023, that will be sufficient for retirement to be processed with the benefit of the January 2024 coefficient increase.
Civil servants who want to retire submit their retirement requests to their employing institution once they meet the eligibility conditions. The institution processes and approves the retirement and forwards the case to the Social Security Institution, which completes the retirement procedures.
When calculating civil servants’ retirement severance and pension amounts, the civil servant salary coefficient plays an important role. An increase in the salary coefficient affects both retirement pension and severance payments.
How Is Civil Service Time Calculated?
A civil servant’s service time consists of periods during which contributions were paid to the social security system. According to Article 31 of Law No. 5434 on the Pension Fund, actual service time is the period during which full contributions were paid. For civil servants who leave their position after the beginning of a month, the entire month of departure counts as service time.
Conditions for Retirement with 3600 Days: https://www.ssk.biz.tr/3600-gunden-emeklilik/
Periods covered by full contributions are determined on the basis that civil servants receive their monthly salary on the 15th of each month. Therefore, the period from the 15th of a month to the 14th of the following month is considered a full-contribution month, and one month of service is counted accordingly.
Which Coefficients Apply to Civil Servants’ Retirement Procedures?
Civil servants are paid on the 15th of each month, and retirement contributions are also deducted on that date. The deduction covers the period up to the 14th of the following month. In other words,
a civil servant who receives the December 15, 2023 salary and then retires between December 16, 2023 and January 14, 2024 will have their service period accepted as ending on January 14, 2024. Their pension will be payable starting January 15, 2024.
This way, the civil servant can benefit from the salary increases implemented up to January 15, 2024. Coefficient increases are generally set to take effect from January 1 or July 1, not from January 15 or July 15.
Therefore, a civil servant who takes the December 15 monthly salary and retires on December 16 can have their retirement processed using the coefficient increase determined effective January 1, 2024. If the civil servant retires before December 14, they will not benefit from the January 2024 increases.
How Does the New Coefficient Affect the Retirement Pension?
A civil servant’s pension does not change in a separate manner: coefficients are determined equally for active and retired civil servants. There is no need to wait specifically for January or July to see a change in pension calculations. However, to increase severance pay amounts, it may be appropriate to wait for the next coefficient increase.
Aside from coefficients, the payment of the “welfare share” (refah payı) is generally effective from the date coefficients come into force—typically January 1, 2024—if the coefficient increase is set for that date. In some cases, increases may be considered effective from January 15, 2024. In such situations, it is advisable to ensure receipt of the January 15, 2024 salary to avoid any unintended issues.
Within the framework of these laws and explanations, your application dated December 11, 2023 will be considered your retirement application date. If your petition to the institution specifies that you wish to retire as of December 16, 2023, your separation from the institution will be recorded as December 16, 2023. Your service will be regarded as valid through January 14, 2024, and your pension will be payable as of January 15, 2024.
Whether coefficients are adjusted on January 1 or January 15, 2024, such a request will not cause any loss of rights in terms of retirement severance. Still, it is beneficial to confirm the details with your employing institution.
SOURCE;
Law No. 5434 on the Pension Fund