Minister Işıkhan: There are 1,200 people who retired at the age of 38, explaining this is very difficult.

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The Minister of Labor and Social Security, Vedat Işıkhan, announced that the number of retirees under the Retirement Age Victims (EYT) has reached 2 million 445 thousand 965. Stating that they expect 5 million applications, Minister Işıkhan said that so far, 2.5 million people have applied for retirement.

"A GREAT CHALLENGE FOR THE SOCIAL SECURITY SYSTEM"

Regarding the 1200 people who retired at the age of 38, Işıkhan stated, "It is really difficult to explain, it seems strange to us," emphasizing that this situation poses challenges for a sustainable social security system. The Minister said that 70% of the SGK budget is allocated to retirement pensions and that they are developing programs aimed at increasing employment to maintain actuarial balance.

"THEY CONTINUE TO PAY PREMIUMS WHILE STAYING IN THE SYSTEM"

Minister Işıkhan's statements during the live broadcast were as follows; "The process of retiring from EYT continues. The number of people retiring from EYT has approached 2.5 million as of today. The exact number is 2 million 445 thousand 965. In this process, as SGK, our monthly allocation rate outside of EYT is 568 thousand 939 people. These are also their retirement rights outside of EYT... (Since EYT, 3 million people have retired) Actually, the number we expected was 5 million. We expected nearly 5 million citizens to benefit from EYT. So far, 2.5 million citizens have applied to us. They continue to pay premiums while staying in the system. We need to emphasize that this is very important for actuarial balance. 58% of the 2.5 million EYT members continue to work.

"IT IS REALLY HARD TO UNDERSTAND"

The average age is 48. We have 1200 citizens who retired at the age of 38. How will we explain this... It is really hard to explain. We are surprised because it seems strange to us. You need to think about whether one can retire at the age of 38. In Germany, citizens pay premiums for 40 years and are entitled to retirement pensions after 20 years. In our case, it is the opposite; they pay premiums for 20 years and receive retirement pensions for 40-50 years... Unfortunately, the ratio is decreasing. In Turkey, 1.5 workers cover the salary of 1 retiree. The world average is 1.8, and in developed countries, it is 2. In the 1960s, this figure was 5. In Turkey, 5 workers covered the salary of 1 retiree.