Good news for those who meet all retirement conditions but are held back by age! Millions of citizens who have completed their premium payments were waiting for the age requirement to be met before retiring. A new ray of hope has emerged for those affected by the retirement-age issue (EYT). What is the latest on EYT?
According to the most recent figures, roughly 9,000 retirement candidates are waiting due to the age requirement. As discussions continue about potential decisions, an important development was announced by AK Party Deputy Group Chairman Emin Akbaşoğlu. The proposed regulation will include six separate steps. Akbaşoğlu commented on the age requirement, saying: “With this new regulation, citizens who completed a specified number of working days and made contributions before a certain year will benefit.”
New Step Toward Solving the EYT Issue
Deputy Group Chairman Emin Akbaşoğlu opened a new path of hope for those who completed 5,000 working days and for citizens who began paying insurance premiums before 1999. In his remarks he said two separate meetings had been held and that, considering legal frameworks, discussions could soon be converted into a proposal to be brought to the general assembly.
He added: “The 3,600 additional indicator will certainly be granted to police. The status of contracted personnel will also be improved. In the next phase, EYT-related issues will be resolved. Information will be shared with the public within the year.”
This EYT Crisis Will Be Resolved This Year!
Following these announcements, AK Party Deputy Chairman Numan Kurtulmuş expressed similar views. He said: “Our agenda includes matters the public demands and expects. Work on this issue has been ongoing for a long time. There is no topic that is on the public’s agenda but not on ours. We strive so that requests can be met and serve the public good. The public should be assured that the EYT issue has been on our ministry’s agenda for a long time.”
Who Will Benefit from the EYT Bill?
When the legal process for the EYT law begins, the individuals eligible under the law will be clarified. Those likely to be included are people who became entitled to retire before 8 September 1999. People who completed the required premium days and insurance periods will be able to retire regardless of the age requirement.
For women insured under SSK before 8 September 1999, 20 years of coverage and for men 25 years are considered sufficient. Women who have completed 5,000 premium days should have reached age 50; men should be 55.
For those who retired from Bağ-Kur, women need 20 years and men 25 years of contributions, or women aged 50 and men aged 55 who have 15 years of contributions can qualify for retirement. The EYT law would eliminate the age requirement.
New Roadmap for EYT
The EYT bill is being considered in six stages. The six-step roadmap intended to resolve the issue includes the following items:
- The scope of the EYT law will be defined and possibly limited
- The conditions required for retirement will be specified
- The financial impacts of the EYT regulation will be calculated
- The expected pension amounts will be detailed
- The method of applying the EYT law for each retirement and age group will be clarified
- A draft will be prepared and a final decision reached
Five Different Formulas in the EYT Draft
The EYT draft includes five different formulas under consideration. Men and women who have completed specified insurance periods and who began paying premiums before a certain date could benefit under these options.
First Formula: Premium Days and Years of Insurance
The first formula is based on premium days and years of insurance. Those who were insured before 9 September 1999 and have completed 3,600 premium days could benefit under this option. The age thresholds cited are 50 for women and 55 for men.
Second Formula: Retirement Based on Premium Days Regardless of Age
The second formula would allow retirement once a specified number of premium days is completed, regardless of age. For those insured before 1999, this would mean 7,200 days for women and 9,000 days for men would be sufficient to retire.
Third Formula: Proportional Reductions per Remaining Year
The third formula envisions retirement with proportional reductions for each remaining year until the statutory retirement age. As the retirement date approaches, a certain percentage would be deducted from the pension; once retirees reach the full entitlement date, they would receive the full amount. This option could also apply to those still working: they could start receiving a reduced pension while continuing to work, with deduction rates determined by the state.
Fourth Formula: Partial Retirement
The fourth formula provides for partial retirement with salary deductions until the legally required age is reached. When the age requirement is met, the deductions would stop and the full pension amount would be paid.
Fifth Formula: 5,000 Premium Days Basis
The fifth formula is based on premium days. For those who started work before 9 September 1999, the first insurance entry date would be taken into account; completing between 5,000 and 5,975 premium days would be sufficient and no age requirement would be imposed.