Recent development
With the Law on the Amendment of the Social Security and General Health Insurance Law No. 5510 and Decree No. 375 ("Law") published in the Official Gazette on 3 March 2023, which is also known as The Law on Early Retirement Despite Failing to Meet the Age Requirement ("EYT" - Emeklilikte Yasa Takilanlar in Turkish), the conditions for the individuals who were deemed registered with the Social Security Institution before 9 September 1999 to be eligible for retirement have been rearranged.
We would like to provide you with this quick guide for employers, dealing with the questions that employers may face in light of EYT. You may use this guide for information purposes, but note that as this situation evolves, there may be changes in the secondary legislation that concerns employers as well as this guide. The information in this guide is presented as of 3 March 2023; the high-level guidance in this document is not intended to be comprehensive legal advice.
1. Who will be able to retire under the relevant legal legislation?
Individuals who were deemed registered with the Social Security Institution ("SSI") before 9 September 1999 will benefit from the relevant legal legislation. To qualify for retirement within the scope of the Law, those who work under the 4/1-(a) status of the Social Security and General Health Insurance Law No. 5510 must (i) complete a 20-year social security period if female, or a 25-year social security period if male, and (ii) fulfill...
Read Full Story:
https://news.google.com/rss/articles/CBMiqgFodHRwczovL3d3dy5tb25kYXEuY29tL3R1...