When Will First Salaries Be Paid Under EYT?

When will the first salaries be paid under EYT?
When will the first salaries be paid within the scope of EYT?

In the General Assembly of the Grand National Assembly of Turkey (TBMM), the “Draft Law on Making Amendments to the Social Insurance and General Health Insurance Law and the Decree Law No.

The law, which includes the regulation on the Age at Retirement, which is carried out by the Ministry of Labor and Social Security and is expected by millions of people, consists of 4 articles.

With the temporary article added to the Social Security and General Health Insurance Law, according to the relevant laws, those who request a pension after the effective date of the proposal, and those who will be granted an old age or retirement pension, will benefit from old-age or retirement pension if they meet the conditions other than age in the aforementioned provisions. Citizens who have completed the number of premium days and working time will be able to obtain the right to retirement.

2 Million 250 Thousand People Will Benefit From The Regulation In The First Stage

2 million 250 thousand people will benefit from the arrangement in the first place. Those who have insurance on September 8, 1999 and before will be able to retire, regardless of age, Pension Fund, SSK and Bağ-Kur.

Workers hired in public institutions and organizations, special provincial administrations and municipalities and their subsidiaries, and local government unions of which they are members, and those who have been transferred to worker status together or separately in companies with more than half of the capital belonging to special provincial administrations, municipalities and their affiliates; If they are entitled to a pension, old-age or invalidity pension, the regulations requiring the termination of their employment contracts by the public institutions and organizations or companies they are employed will be repealed.

Loan Support to be Provided to Employer for Severance Pay

With the arrangement, credit support will be provided to the employer for severance pay. In the event that those who are granted a retirement or retirement pension for the first time and who are given a notice of resignation due to old age or pension request start to work subject to social security support premium in the last private sector workplace within 30 days following the date of leaving the job, social security support is provided from the date of starting to work. The amount corresponding to 5 points of the employer's premium will be covered by the Treasury.

The First Payment Will Be Made in April

The law will enter into force after its publication in the Official Gazette. Citizens will be able to apply after the law comes into force, and their salaries will be deposited into their accounts for the month following the application. Within the scope of EYT, the first salaries will be paid in April.

Vedat Bilgin, Minister of Labor and Social Security, said, “The 24-year-old EYT problem that we have been working on for a long time has now been resolved. Good luck to our workers," he said.