Second salary opportunity for retirees
Retirees can earn additional income by working without losing their pensions through the Social Security Support Premium (SGDP). However, there are different practices in the public and private sectors.
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Rising living costs and low pension payments are pushing many retirees to return to working life. Some retirees' pensions may be cut when they start working.
At this point, experts point out that the Social Security Support Premium (SGDP) system comes into play. Thanks to this practice, retirees can legally work without experiencing a pension deduction.
WORKING WITH SGDP PROVIDES AN ADVANTAGE
Retirees who were insured before October 2008 can work without having their pensions cut by paying the SGDP. In this system, which is implemented through the employer, the retiree declares their preference with the “Insured Preference Notification Form.”
In this method, a 7.5% deduction is made from the retiree, while the remaining premium burden is covered by the employer. Thus, the retiree continues to receive their pension while also earning a salary from the job they work. In addition, retirees working under the SGDP scope can also benefit from insurance protections such as work accidents and occupational diseases.
DIFFERENT RULES IN THE PUBLIC SECTOR
Retirees who want to work in public institutions are required to have their pensions suspended. Retirees who will work in general budget administrations, municipalities, and social security institutions cannot benefit from the SGDP. These individuals can work by paying full insurance premiums.
STATUS OF SELF-EMPLOYED RETIREES
Retirees who start their own businesses, become company partners, or work independently are evaluated under a different status. These individuals are considered under Bağ-Kur, and no SGDP deduction is applied. However, this work does not provide an additional salary increase or the right to a second retirement.
STRATEGY RECOMMENDATIONS FOR RETIREES
The information provided by experts serves as a guide for retirees who want to return to working life. Thanks to the SGDP, it is possible to work legally without experiencing a pension deduction. However, knowing the different rules in the public and private sectors is of great importance to avoid loss of rights.