14.02.2025 10:50
Retirement bonuses were increased by 50% in 2024, reaching 3,000 lira. The bonuses are deposited into retirees' accounts twice a year, during Ramadan and Eid al-Adha. Various proposals are being discussed regarding the increase of holiday bonuses for retirees. We have compiled the strongest among these proposals.
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As expectations for retirees' holiday bonuses in 2025 increase, the latest possibilities are becoming clearer considering past increases and current economic conditions. Following the January inflation exceeding expectations, the need for an increase in retirement bonuses has also risen. The amounts to be paid during this year's holidays have not yet been finalized, but the strongest figures being discussed are as follows:
FIRST FORMULA: 50% INCREASE
According to this formula, the current bonus amount of 3,000 TL will be increased by 50% to 4,500 TL. In this case, retirees will receive a total of 9,000 TL in bonuses over the two holidays.
SECOND FORMULA: JANUARY INFLATION RATE
If the 15.75% increase given to retirees in January is also applied to the bonus, it could rise to 3,472 TL. Rounded, this figure could be 3,500 TL.
THIRD FORMULA: 2024 INFLATION
The inflation rate for 2024 was realized at 44.38%. If the bonus is increased by this rate, the payment could rise to 4,331 TL. Rounded, it could reach 4,500 TL, making the total annual payment 9,000 TL.
There are expectations for bonuses to be raised to a range of 4,500 to 5,000 TL. Retirement bonuses had increased by 50% to 3,000 TL in 2024. Bonuses are deposited into retirees' accounts twice a year, during Ramadan and Eid al-Adha.
Holiday bonuses are paid equally to all retirees, regardless of their pension amount. However, widows and orphans receive payments according to their shares. Last year, those with a 75% share received 2,250 TL, those with a 50% share received 1,500 TL, and those with a 25% share received 750 TL. This year, with the increase, it is expected that the amounts to be paid according to shares will also be updated.
PAST INCREASES IN BONUSES
As expectations for retirees' holiday bonuses in 2025 increase, the latest possibilities are becoming clearer considering past increases and current economic conditions. Following the January inflation exceeding expectations, the need for an increase in retirement bonuses has also risen.
Holiday bonuses, which started at 1,000 TL in 2018, were raised to 1,100 TL in 2021, 2,000 TL in 2023, and 3,000 TL in 2024 with a 50% increase. This trend of increases has led retirees to expect a similar raise for 2025.
ALL EYES ON PRESIDENT ERDOĞAN
It is still unclear whether there will be an increase in retirement bonuses. As stated by the Minister of Labor and Social Security, Vedat Işıkhan, the new figures that will emerge after the work is done, taking into account the additional burden that the holiday bonuses will bring to the budget, will be submitted for approval to President Erdoğan.
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