Latest Developments on Gradual Retirement: Will Gradual Retirement be Implemented, Changes in Premiums and Number of Days?

CHP Karabük Deputy Cevdet Akay presented a “Proposal for Amending the Law” to the Turkish Grand National Assembly, which also concerns gradual retirement. Akay proposed reducing the number of premium payment days for tradesmen and civil servants to 7200 in the law proposal he submitted to the Turkish Parliament. Following this development, those awaiting retirement are closely monitoring the latest updates. Minister of Labor and Social Security Vedat Işıkhan put an end to the gradual retirement discussions. So, will Gradual Retirement be implemented, what is the current situation? Here are the latest developments on Gradual Retirement…There has been talk of a new amendment in the retirement system for a long time. In March 2023, with the legislation on “Retirees with Age Barrier,” approximately 2 million individuals retired. Those who entered the insurance after September 1999 were unable to benefit from this right. For men, the insurance period in EYT is 25 years, with a requirement of having paid a total of 9,000 premiums. For women, the insurance period is reduced to 20 years, with a requirement of 7,200 premium payment days. An Amendment Proposal for Some Laws Containing Economic Regulations is being discussed in the parliament. With this development, the issue of gradual retirement has been brought up again. Minister of Labor and Social Security, Işıkhan, put an end to the discussions. So, what are the conditions for Gradual Retirement, will it be implemented? Here is the current status of Gradual Retirement…The Law Proposal for Amending the Social Security and General Health Insurance Law and the Law on the Turkish Republic Retirement Fund prepared by Plan and Budget Commission Member and CHP Karabük Deputy Cevdet Akay was submitted to the parliament. Minister of Labor and Social Security Vedat Işıkhan, in his latest statement, put an end to the gradual retirement discussions.Işıkhan, while meeting with AK Party MPs at the AK Party Headquarters, mentioned that they do not plan a new amendment in the retirement system. The Minister stated, “The requirements for premiums and years to retire will continue.”In a TV program where he provided information on the discussions regarding gradual retirement, Işıkhan emphasized that there is no question of hardship. The Minister of Labor and Social Security stated, “I believe it is not a healthy style to highlight hardship. Within this framework, we are working on how to maintain the existing actuarial balance, how to pay our retirees their pensions regularly, and how to make health services sustainable.”