Good news for millions of retired people. After the minimum wage has been significantly raised, an additional increase that applies to millions of retirees and civil servants, excluding inflationary differentials, has been announced by President Recep Tayyip Erdogan. Legal regulations, including additional increases for retirees and civil servants, were published in the official bulletin and came into effect. However, while the pension base for SSK and Bağ-Kur increased to 2,500 TL, the rate of increase in civil servant and civil servant severance increased to 30.95 percent. Retirees are wondering about the increase in bonuses given between Ramadan and Eid al-Adha twice a year, starting in 2018. Behind the scenes in Ankara, it is said that more holiday bonuses will be given to retirees. Retirees who received a 1,000 TL holiday bonus received a payment of 1,100 TL for the final increase. Bonus payments have increased by almost 100%, helping millions of pensioners on the eve of the feast, and the total amount paid on both holidays is said to be 4,000 TL. The agenda is to pay retirees a 2,000 TL bonus during Ramadan’s feast and a 2,000 TL bonus during Eid al-Adha. On the other hand, the increase in holiday bonuses paid during this year’s Ramadan feast is expected to be 1,500 TL or 1,750 TL. This increase makes retirees more enjoyable on vacation.
Who will be paid?
Holiday bonuses are paid to those who receive income or monthly income from SGK as of the month of Ramadan and Eid al-Adha. Therefore, retirees, widows, orphan pensions and people with disabilities receive a holiday bonus twice a year. Thanks to the bonus, retired hands are relieved for the cost of their holidays. To receive the Holiday Bonus, you need a monthly income and income from SGK for the Holiday Month. This year, the first day of Eid al-Fitr is Monday, May 2nd. Therefore, as of May, those who have been entitled to income and pensions from SGK and have made a request will be entitled to a holiday bonus during the Ramadan feast.
Everyone who receives income and pensions from SGK, not just retirees, can benefit from the holiday bonus. These are from pensioners, persons with disabilities, widow, orphan pensioners, those who receive permanent incapacity income after an occupational accident, the right holders of those who died while receiving permanent incapacity income after an occupational accident, Turkey. Partial income, social security agreements and monthly income also receive a holiday bonus.
Increased to 1.100 lira in 2021
The amount of holiday bonus for retired and disabled people is 1,100 TL. The amount of holiday bonuses, which started at 1,000 TL, increased to 1,100 TL in 2021.
Holiday bonuses are expected to increase this year. To meet this expectation, Law No. 5510 needs to be amended. If the bill is drafted and approved by Congress within a few days, such an increase could be realized and an increase in retiree holiday bonuses could be achieved. This increase is expected to be 1.500TL or 1.750TL. The increases offered in this framework will ensure that retired people have a more enjoyable vacation.
The amount of the holiday bonus is linked to the percentage of the survivor’s pension for those receiving the survivor’s pension. For example, a working woman who receives a widow’s pension from her husband receives 50% of the survivor’s pension. In this case, a 600TL monthly holiday bonus will be paid to the shower spouse. The only widow who is not working or retired receives a 75 percent survivor’s pension. In this case, the widow will be paid a holiday bonus of 825TL. On the other hand, a girl who receives her father’s pension receives a 25% orphan pension, so she can receive a 275TL holiday bonus. Therefore, the bonus for those who receive the widow’s pension and the orphan’s pension depends on the death pension rate. Increasing the amount of holiday bonuses will also increase the bonuses for people in this situation.
Holiday bonuses are not displayed
Retired pensions cannot be seized except for dependent allowances and SGK debt. Therefore, the debtor can continue to receive the pension for which the foreclosure has begun.
The same is true for holiday bonuses. Retired salaries cannot be seized and Eid Bonuses cannot be seized. Holiday bonuses for retirement, widow and orphans cannot be deducted due to foreclosure or debt and the amount of the holiday bonus will not be reduced.
Become a bank
Those who receive a monthly salary from a Social Security Institution do not need to apply for a holiday bonus. Bonuses are paid to these people without an application.
Pay directly to the bank where your pension is deposited. Therefore, retirees can withdraw holiday bonuses from their banks.
How long will the holiday jackpot be?
An increase in bonuses was expected with a 50.51% increase in the minimum wage and additional improvements for civil servants and retirees. Payment of the first holiday bonus of the year is scheduled for the end of April. Four formulas stand out when it comes to increasing holiday bonuses.
Equation 1: One of the bonus equations is an increase in inflation. Inflation rate in 2021 was 36.08%. As the bonus increases in response to annual inflation, payments increase from 1,100 lira to 1,496 lira, 88 cents. This year, a total of 2993 lira and 76 cents will be paid on the two holidays.
Equation 2: In the bonus increase, the revaluation rate can also be taken into account. Earlier this year, some taxes, fees, and fines were updated based on a revaluation rate of 36.2%. If this increase is reflected in the bonus, the amount of 1,000 lira and 1,000 498 lira will be 20 cents. This year, the revenue from the two festivals will reach 2,996 lira and 40 cents.
Equation 3: Net minimum wage increased by 50.51% this year. This rate can also be applied to increase bonuses. Running this formula will increase the holiday bonus for retirees from 1,655 lira to 61 cents. The total annual payment reaches 33,11 lira.
Equation 4: Another equation is to pay the minimum wage on two holidays …
You will be given a jackpot of 4,000 lira
Our professional social security specialist wrote Bonus News for Mert Nayır spoken in Ankara behind the scenes. He said a 2,000 TL holiday bonus will be paid to retired citizens during Eid al-Fitr and 2,000 TL during the sacrificial feast.
We will come to the rally the next day
According to CNN Turkey news, the hike is expected to come to Congress in the next few days. The bag method also announces holiday bonuses for retirees.
Who can get the bonus?
Eid bonuses are paid to those who receive a widow and orphan pension in proportion to the beneficiary’s share. For example, if a spouse’s death pays 50% of the shares to the spouse and 25% of the shares to the orphan. The Eid Bonus will be paid to the beneficiaries at the same rate. Those who receive permanent incapacity income from occupational accident or occupational disease insurance will be paid a holiday bonus proportional to the degree of permanent incapacity that underlies their income.
When will the holiday bonus be paid?
This is intended to make the first payment of the retirement leave bonus by May 2, 2022. The net amount of the retirement leave bonus that will be sent to the parties’ accounts just before Eid al-Fitr has not yet been announced.
New retired people will also receive the jackpot
Insureds who decide to retire before vacation also use the bonus right. If a retirement decision is made after Eid al-Fitr, only the Eid al-Adha bonus will be paid this time.
Everyone is paid the same
Holiday bonuses are paid equally to all retirees. Salary is not considered here. Therefore, if there is an increase, all retirees will benefit at the same time. Promotions by banks are determined according to the pension. Bonuses are paid to widows and orphans in proportion to their share.