Critical warning to EYT students, your salary may be cut!

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Lerato Khumalo

Attention to those who retired from EYT and continue to work! With the new regulation of SGK, if the wrong premium declaration is made, your pension may be cut! Especially check your premium code via E-Government, because a small mistake may cause you to lose your salary.

Here are all the details you are curious about…

There is an important warning for those who continue to work after retiring with the Retirement Age Regulation (EYT):

Salaries are being cut due to incorrect reporting! Within the scope of the latest regulation of the Social Security Institution (SGK), if the premiums aimed at supporting the work of retirees are not reported with the correct code, pensions are being stopped. This situation has victimized many people.

Wrong Code Usage Can Make Your Salary Evaporate!

EYT employees who have difficulty making ends meet with their pension and continue to work may face salary cuts if they do not report correctly to the Social Security Institution.

In particular, if the premiums are paid using the code 02 Social Security Support Premium, but are deposited using the code 01 All Insurance Branches, the SSI assumes that you are not retired and cuts your salary.

For this reason, it is essential that you regularly check via e-Government that your premiums are paid with the correct code.