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ARTICLE · 07 AUGUST 2024

Retirement In 2024 Or 2025: Which Year Is More Advantageous?

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The amount of the retirement pension is one of the most significant concerns for individuals who are eligible to receive an old-age pension after years of work.

TurkeyEmployment and HR
Ümit Kır
Ümit Kır

The amount of the retirement pension is one of the most significant concerns for individuals who are eligible to receive an old-age pension after years of work. Therefore, many prospective retirees wonder which year would be more advantageous for retirement. The answer to this question is not explicitly stated in social security legislation, and calculations must be made separately for each year, considering the economic indicators of that year.

Methods of Calculating Retirement Pension

Retirement pensions for SSI (Social Security Institution) and BAĞ-KUR (Social Security Organization for Artisans and the Self-Employed) are calculated over three different periods:

  1. Partial Pension Before 2000: Calculated using the formula: Indicator x Coefficient x Monthly Binding Ratio.

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