According to Law No. 7438, employees who were insured for the first time before 8 September 1999, will be eligible to retire regardless of their age if they meet other stipulated conditions. This law does not cover those who were insured for the first time after 8 September 1999.
According to the relevant regulation, if individuals fulfill the conditions to qualify for an old-age pension under this law, they must first terminate their employment contracts at the workplace where they work and apply to the SGK2 after their employers submit their notice of termination of employment in order to be granted their pension.
Individuals who started to work as insured under the SGK before 8 September 1999, will be eligible for retirement without any age requirement, as opposed to the rules up to now, if they are working for a private employer, when they complete 20 years of insurance for women, and 25 years for men, and have 5,000 to 5,975 premium-paid days, which varies depending on the date of their employment.
After 8 September 1999, employees who were insured for the first time must meet the age requirement of 58 for women and 60 for men, along with other pension conditions determined according to the date of their first employment.