The retirement ratio of retirees to employees nationwide has reached historic highs.

According to data from the Social Security Institution (SGK), by the end of 2023, there were 1.58 employees per retiree in Turkey.

As of June, this ratio has decreased to 1.55 employees per retiree.

Having more than 2 employees per retiree indicates less risk.

EYT ACCELERATES THE NUMBER OF RETIREES

The main reason for the increase in the retirement ratio relative to employees was the EYT issue. EYT had a 0.5-point impact on the employee-retiree ratio.

In 2022, the number of employees per retiree reached 2.1.

With the implementation of the EYT regulation in 2023 and 2024, the number of retirees rapidly increased.

Additionally, the fact that retirees who will retire this year will receive higher monthly payments due to inflation is cited as another reason for the increase in the number of retirees.

SURPASSES EMPLOYEE NUMBERS IN 6 PROVINCES

As of June 2024, the number of retirees in 6 provinces in Turkey exceeds the number of employed individuals.

These provinces are listed as Balıkesir, Çorum, Giresun, Sinop, Zonguldak, and Bartın.

In 58 provinces, including industrial and populous cities such as Istanbul, Ankara, Izmir, Kocaeli, Gaziantep, Adana, Sakarya, and Bursa, there was a decrease in the retiree-employee ratio ranging from 0.01 to 0.28 points.

Tourism provinces and earthquake zone provinces, however, experienced an increase in the number of employees.