Attention retirees who continue to work! Your pension could be cut

Recent claims that the pensions of those who continue to work after retirement will be cut have sparked significant public debate.

Hürriyet newspaper columnist Noyan Doğan stated that there is a misconception regarding this issue, saying, "The pensions of those who retired after 2008 and continue to work will not be cut. The actual issue concerns those who were first insured after 2008."

According to this explanation, those who were first insured after October 2008 will not be able to receive their pension if they continue to work after retiring. However, there is no change for those who were insured before October 2008.

DIFFERENT APPLICATIONS FOR THOSE INSURED BEFORE AND AFTER 2008

Two major reforms made to the social security system in Turkey in 1999 and 2008 significantly changed retirement conditions and the pension system.

Those insured before October 1, 2008:

They can continue to work after retirement.

They can receive both their pension and a salary from the workplace where they are employed.

It is possible for them to work by paying the Social Security Support Premium (SGDP).

Those first insured after October 1, 2008:

If they work after retirement, their pension will be cut.

Since the SGDP practice will be abolished, they will not have the right to receive a double income.

They will either be able to receive only their pension or continue to work and forfeit their pension.

This change stands out as an important regulation that limits the ability of those first insured after October 2008 to work after retirement.

WHAT IS SGDP? WHO CAN RECEIVE A DOUBLE INCOME?

The Social Security Support Premium (SGDP) is a system that allows people who continue to work after retirement to remain in the workforce while maintaining their pensions. Those insured before October 1, 2008, can receive both their pension and a salary from their workplace by paying the SGDP.

The SGDP rate is 32 percent, and this deduction is paid by the employer. However, this practice will be abolished for those insured after October 1, 2008.

With this change, those insured after 2008 who will retire in the future will not be able to work while receiving a pension.

COULD THERE BE A NEW REFORM IN SOCIAL SECURITY?

Those insured after October 2008 have not yet reached retirement age. A new reform could be made to the social security system in the coming years.

Could these rules change? It is difficult to predict at this stage. However, in line with current laws, it is clear that those with insurance entry after October 1, 2008, will not be able to receive a pension if they work after retiring.