Turkish Social Security Institution to Review Thousands of EYT…
Turkey’s Social Security Institution (SGK) has announced a thorough review of thousands of early retirement pensions granted under the recently enacted EYT legislation (Emeklilikte Yaşa Takılanlar). The investigation, set to commence after recent holidays, will primarily target individuals who were registered as insured in their parents’ private businesses before reaching the age of 18.
SGK will meticulously assess whether these early insurance registrations complied with existing regulations and genuinely justify the pension rights granted under the EYT scheme. The potential implications are significant: thousands of individuals face the risk of having their pension payments cancelled. Such an outcome would directly impact the financial stability of many Turkish households, as pensions often constitute a critical portion of family income and purchasing power.
The EYT scheme, meaning " those caught by the age limit," was introduced to address the situation of employees who met requirements for premium days and service years but were too young to retire under previous laws. Its implementation represented a major social and economic reform affecting millions and incurring substantial financial commitments for the state.
Any widespread cancellation of pensions would not only affect the directly impacted families but could also generate broader economic ripple effects across Turkey, potentially leading to reduced consumption, increased financial uncertainty, and further debate on the sustainability of the country' s social security system.
Source: Haberglobal
