In Emergency Situations
04 Feb, 2025

WHO IS COVERED BY THE EYT REGULATION ON THE AGENDA?

The EYT regulation covers individuals whose insurance start date is before **September 9, 1999**.

According to the regulation, the conditions required for retirement are as follows:

  • The individual must have been registered for insurance before **September 9, 1999**,
  • Complete the full payment of **5,000 days of premiums**,
  • Complete the **insurance period of 20 years for women and 25 years for men**.

All individuals who meet the EYT conditions will be able to apply for retirement once they complete the necessary procedures.

At this point, it is estimated that approximately **2.25 million people** who have not been able to retire due to age restrictions will be eligible for retirement under the new EYT regulation.

Additionally, employees who wish to leave their jobs due to retirement will be entitled to **severance pay**, calculated based on the current system, meaning **30 days of gross salary per year of service**. This will pose a financial burden on employers, which is another aspect of the regulation.

WILL THE DEBT BUYBACK PROVISIONS APPLY?

The newly enacted EYT regulation will **not** cause any changes to the **debt buyback provisions** in the Labor Law. In other words, **women can still buy back birth-related missing premiums**, and **men can buy back military service periods**. Additionally, periods related to **doctoral studies, medical specialization training, legal internship, and partially worked months** will continue to be eligible for buyback as before.

ARE EMPLOYEES RETIRING UNDER EYT REQUIRED TO COMPLY WITH NOTICE PERIODS?

If an employee **terminates their employment contract due to retirement under EYT**, they will **not** be required to **pay notice compensation**, nor will the employer have the right to demand compliance with a notice period.

The only obligation that arises will be the employer’s duty to **pay severance compensation**.

CAN THE EMPLOYER FORCE AN EMPLOYEE TO RESIGN?

An employee who **meets the retirement requirements under EYT but chooses to continue working** cannot be forced to resign **solely on the grounds that they are eligible for retirement**.

If an employee is dismissed for this reason, they will have the right to file a lawsuit for reinstatement.

Furthermore, individuals retiring under EYT **may continue working in the same or a different job** with the **Social Security Support Premium (SGDP)** if the employer also agrees.

If you have any questions, requests, or need further information based on the above explanations, the “Esenyel & Partners” team would be happy to assist you.

 

Esenyel Partners | Curiosities in the Pensioners (EYT) Regulation
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