Summary
With only a few days remaining until Ramadan, the retirement holiday bonus, which affects millions of retirees, was also brought up. As is well known, this fee was 1100 TL last year for retirees during Ramadan and Sacrifice Feasts. Nowadays, an increase in the bonus is expected. At this point, questions such as “When will the 2022 Retirement Holiday bonus be paid, will there be a raise, and how much, how much?” began to surface. This year, payments will be made at the end of April. On the other hand, four formulas come to mind when discussing the subject. Thus, what will be the size of the retirement holiday bonus increase and when will it expire? The details are as follows…
For the retirement holiday bonus, all eyes were on the announcement made at the last minute. The minimum wage increase of 50.51 percent, along with additional benefits for civil servants and retirees, created an expectation of an increase in bonuses. Meanwhile, questions such as “When will the 2022 Retirement Holiday bonus be paid, will there be a raise, and how much, how much?” began to surface. As is customary during Ramadan and Eid-al-Adha, payments are made twice a year. The following are the most recent updates on the retirement holiday bonus hike and payment dates…
WHEN WILL THE BONUS FOR RETIRED DAYS BE DISTRIBUTED?
This year, Eid al-Fitr will begin on May 2. As is customary, retirees are compensated for their service prior to the Sacrifice and Ramadan Feasts. As a result, the Ramadan Feast retirement bonus will be deposited into accounts prior to May 2, 2022.
WHAT WILL BE THE VALUE OF THE HOLIDAY JACKPOT?
The minimum wage increase of 50.51 percent, along with additional benefits for civil servants and retirees, created an expectation of an increase in bonuses.
Payments for this year’s first holiday bonus are expected to be made in late April. Four formulas stand out for the holiday bonus increase:
This is welcome news for millions of retirees.
The following are the four most frequently used formulas for the 2022 holiday bonus:
FORMULA 1: An increase in the inflation rate is one of the bonus formulas.
Inflation in 2021 was 36.08 percent. If the bonus is increased in line with annual inflation, payments will increase from 1,100 to 1,496 lira, or 88 cents. This year, two holidays will be compensated with a total of 2 thousand 993 liras and 76 cents.
FORMULA 2: The bonus increase can also take into account the revaluation rate. Certain taxes, fees, and penalties were updated at the start of this year using a 36.2 percent revaluation rate.
If this increase is reflected in the bonus, the difference between 1,000 100 and 1,000 498 liras will be 20 cents. This year, the revenue generated by two festivals will total 2,996 liras and 40 cents.
FORMULA 3: The net minimum wage was increased by 50.51 percent this year. Additionally, this rate can be applied to the bonus increase.
If this formula is implemented, retirees will receive a holiday bonus of 1,655 lira and 61 cents.
The annual payment will total 3000 311 liras.
FORMULA 4: Another option is to pay the minimum wage over the course of two holidays…
According to this formula, retirees will receive a total of 4,253 lira and 40 kuruş bonuses during Ramadan and the Sacrifice Feasts. Annual increases of 2 thousand 53 lira will be made to retirees’ bonuses.
The holiday bonus will increase to 2,126 liras and 70 cents.
NEW RETIRED ARE ALSO ENTITLED TO RECEIVE
Additionally, insured persons who retire prior to the holiday will exercise their right to bonus. If the decision to retire is made after Eid-al-Fitr, only the Eid-al-Adha bonus will be paid during this time period.
EVERYONE RECEIVES THE SAME PAYMENT
All retirees receive the same amount of holiday bonuses. Salary is not taken into account in this instance. As a result, if there is an increase, all retirees will benefit simultaneously.
Banks base their promotions on the pension. Widows and orphans receive bonuses proportionate to their shares.
NO APPLICATION IS REQUIRED FOR THE HOLIDAY BONUS.
No application is required for the holiday bonus. Pensioners are paid automatically from the bank account into which their salaries are deposited. (Morning)