Payment date for TL 40,000 bonus to insured people set for 6 November

The payment date for the bonus of 40,000 Turkish lira (TL) for all insured people receiving a pension and/or other benefit from the Social Insurance Department has been announced as 6 November. Prime Minister Ünal Üstel said the payment would be made according to the schedule announced earlier and that eligible recipients would not need to take any additional steps.

The bonus, planned to mark the Department’s 50th anniversary, is being implemented following approval by the Social Insurance Administrative Board. According to Üstel’s statement, citizens who are eligible as of 6 November are also included in the payment.

No additional steps required for payment

Üstel said recipients’ registration details were already held in the system, so the bonuses would be deposited directly into their registered bank accounts. The statement said the payment covers all insured people receiving a pension and/or other benefit from the Social Insurance Department.

The announcement therefore clarified both who is eligible for the bonus and how it will be paid. The Prime Minister said the TL 40,000 payment would be made in line with the previously announced schedule.

Statement on the Fund’s financial position

Üstel said the bonus would be paid in a way that would not affect the financial position of the Social Insurance Fund. He claimed that, during the government’s term in office, the Fund had moved into surplus and that debt repayments to banks and interest payments had ended.

Üstel said strengthening the financial position of the social security system and protecting citizens’ rights were priorities, and linked the bonus to the government’s approach to fiscal discipline. He also thanked the Ministry of Labour and Social Security and the Social Insurance Administrative Board for their work in preparing the payment.