Bad news for those who quit and restart jobs for the 5,000 TL retiree bonus! They will have to pay it back with interest...

Republic Day Bonus for Retirees payment dates are on the agenda for millions of SSK and Bağ-Kur retirees. Speaking after the Cabinet Meeting on October 9, AKP Chairman and President Recep Tayyip Erdoğan announced that a one-time 5,000 TL Republic Day payment would be made to non-working retirees.

The 5,000 lira bonus will be paid once per file to those receiving a pension in October. EYT (Retirement at Age) beneficiaries who submitted their retirement applications before September 30 but have not yet had their pensions finalized will also benefit from the bonus.

THOSE WHO QUIT AND RESTART JOBS WILL HAVE TO PAY IT BACK WITH INTEREST

According to a report by the pro-government newspaper Sabah, anyone who has even 1 day of insured employment between October 1 and October 31 will not be eligible for the bonus. Those who quit and restart their jobs for the sake of the bonus will be forced to return the 5,000 lira with interest. The Social Security Institution (SGK) will closely monitor job terminations and new hires made for the bonus. Retirees from SSK, Bağ-Kur, and the Pension Fund (Emekli Sandığı) who are currently active as Bağ-Kur members will also not receive the bonus.

WHO WILL BENEFIT FROM THE 5,000 TL RETIREE BONUS?

Widows and orphans of retirees will also receive the payment in proportion to their share. Those who continue to work as civil servants after retirement without their pensions being suspended will also not be eligible for the bonus. For those receiving a permanent disability income due to occupational disease or work-related accidents, payments will be made based on the degree of disability that determines their income. According to SGK data, 15.5 million people receive retirement pensions, 4.1 million widows and orphans receive death benefits, and 1.8 million retirees continue to work by paying social security support premiums. Veterans, families of martyrs, security guards, and those disabled in the line of duty will also receive the bonus.

Here are the answers to frequently asked questions regarding the legal regulation accepted by the Commission:

WHO WILL RECEIVE THE RETIREMENT BONUS AND WHEN WILL IT BE DEPOSITED?

The legal regulation regarding the payment of the bonus to retirees will become law after being accepted by the General Assembly of the Parliament this week. SSK retirees receive their pensions between the 17th and 26th of each month, and Bağ-Kur retirees between the 25th and 28th. The bonuses are expected to be deposited before November 15. The bonus will be paid by the Social Security Institution to those receiving a pension in October on a per-file basis. Korean War veterans, retired security guards, and champions will also receive the bonus.

HOW MUCH WILL BE PAID TO THOSE RECEIVING MULTIPLE PENSIONS?

For those receiving income and pensions from multiple files, payment will be made through the file that allows for the highest payment. For example, someone who receives a retirement pension due to their own work and also receives a widow's pension from their spouse will receive 5,000 lira. Someone receiving a 75 percent widow's pension from their spouse and a 25 percent orphan's pension from their father will be paid based on the higher file. Therefore, a payment of 3,750 lira will be made.

WILL THOSE RECEIVING WIDOW AND ORPHAN PENSIONS ALSO RECEIVE 5,000 LIRA?

Those receiving widow or orphan pensions from a deceased mother, father, or spouse will receive payment in proportion to their shares. Someone receiving a 75 percent widow's pension from a deceased spouse will be able to receive a 3,750 lira bonus, and someone receiving a 25 percent orphan's pension from their parents will be able to receive a 1,250 lira bonus. Those who receive widow and orphan pensions and are working will be able to receive the bonus.

If you have even one day of work in October, you cannot benefit from the bonus. The Social Security Institution will be monitoring terminations and new hires during this process. You may end up at a loss for resorting to such a method just for the bonus. You may even be forced to pay back the 5,000 lira you received with interest. The legal regulation also emphasizes that payments understood to have been made improperly will be recovered by deducting 25 percent from the person's current income or pension, if applicable, or otherwise according to general provisions.

News Source: 12punto