EYT Partial Retirement: Formula for Those Who Missed Out on Full Pension
The Turkish government has introduced a solution for those employees who narrowly missed the opportunity to retire under the EYT regulation. The solution is called the “partial retirement formula.” According to CNN Türk’s Social Security Specialist, Özgür Kaya, employees who completed 15 years of insurance and have 3600 premium days can now retire at the age of 50 for women and 55 for men, provided they were insured before September 8, 1999.
Kaya also explained that citizens need to ascertain whether it is their day or not by applying to the Social Security Institution. They can request the examination of archive records if they are sure they were working before September 8, 1999. Moreover, if the entry has been made but the premium has not been paid, the insurance day does not appear, and the employee will not be able to obtain the right to retirement. The retirement conditions have also changed over the years, so it would not make sense to apply if an employee’s start date is after September 8, 1999.
The gradual age requirement for retirement is being eliminated, and partial retirement will be possible for those who missed EYT. Thanks to the new regulation, millions of employees who narrowly missed the EYT opportunity can now retire.
