Early Retirement: Retroactive Payment of Premiums for Birth And Military Service Periods
It is advised that those who would like to benefit from this option for early retirement apply in June in order to take advantage of the former minimum wage amount and pay favorable rates.
The lowest applicable calculation base is 32% of the current minimum wage; which for June 2015 is 384,48 – for 30 days. With the upcoming increase in minimum wage in July, this amount will raise up to 407.52.
As a result, a retroactive premium payment for 24 months for childbirth, calculated from the lowest base, as 9.222,52 TL in June will be 9.780,48TL in July, a whopping increase of 552,00 TL. Likewise, a retroactive premium payment for 18 months for military service amounting to 6.920,64 TL will increase to 7.335,36 TL in July.