“1 Million Individuals with High Salaries Can Enjoy Early Retirement”
The President of Turkey, Recep Tayyip Erdogan, announced that the premium payment days for small tradesmen such as hairdressers, greengrocers, grocers, plumbers and marketers will be reduced to 7,200 days to align them with SGK members. This move by the government is expected to positively impact the nearly one million tradesmen in the country. With this change, the Bağkur members, who were treated unfairly earlier, will receive more salaries and get to retire with higher monthly bonding rates. Being a member of Bağkur will also become more attractive as the monthly engagement rate increases.
The rule 1261 will also become a thing of the past, which allowed people to be subject to the social security institution under which the weight of the last 3.5 years of their working life was spent under the umbrella of the social security institution. This move by the government is also expected to reduce the retirement coverage ratio of the Social Security Institution’s (SGK) employee, with three employees taking care of one pensioner in developed countries, and it is expected to reduce to 1.40 in Turkey with the enactment of the EYT law.
As a result of the change in premium payment days of Bağkur members, an average amount of 200,000 Turkish Lira will remain in their pockets. This is a positive move for Bağkur members and will prevent them from condescending to unofficial means. This change is considered a step that should be supported, as it will help tradesmen to retire early and ease their financial burden.
