Millions of retirees are eagerly awaiting the payment dates for the holiday bonuses, which remain among the most frequently asked questions. The Ministry of Labor and Social Security pays retiree holiday bonuses twice a year for Ramadan and Eid al-Adha to roughly 12 million pensioners; the most recent payment was 1,100 TL. Alongside the payment schedule, many are also wondering about the 2023 bonus amount. When will the retiree holiday bonus be paid and how much will it be? Read on for the 2023 Ramadan bonus payment dates and more details.
When Will the Retiree Holiday Bonus Be Paid?
No official payment date has been announced yet for the retiree holiday bonuses. Payments for both the Ramadan and Eid al-Adha bonuses are expected to be deposited into accounts before each holiday. Traditionally, the Ministry completes the disbursements ahead of the holiday period so pensioners receive their bonuses in time.
How Much Is the Retiree Holiday Bonus?
In 2022, retirees received a holiday bonus of 1,100 TL twice during the year. There has been no official announcement yet about the 2023 retiree bonus amount or whether it will be increased.
Will EYT Beneficiaries Receive a Holiday Bonus?
The parliamentary bill covering those affected by retirement age rules (commonly known as EYT) has been approved by the Grand National Assembly. With the law in effect, newly retired individuals who start receiving pensions will wonder whether they are eligible for the holiday bonus. Holiday bonuses are a right granted to retirees and are paid to pensioners for each holiday. Therefore, EYT beneficiaries who receive their first pension in April will also be eligible for the bonus ahead of the Ramadan holiday, which falls around April 21.
Will the Retiree Holiday Bonus Be Increased?
There are reports that work is underway to raise the retiree holiday bonuses. Since parliament is expected to adjourn by March at the latest because of elections, any adjustments to the bonus will likely need to be completed within that timeframe. The current bonus of 1,100 TL is expected to be adjusted to reflect inflation. If an increase is approved, payments are expected to be deposited into pensioners’ accounts before the holiday, as has been customary.