Cap of Severance Announced

on .

2019 Kıdem Tazminatı Tavanı Belli Oldu

Cap of severance pay ( the upper limit) has been announced as 6.017,60 TRY/Year for the first half of the year. This limit will be applied within the period between 1 January  2019 and 30 June 2019.

Qualified employees are paid a severance pay equal to last 30 days’ gross wages for each full year of employment . In Turkey there is a cap for severance pay , the monthly earnings exceeding the above said amount  will not be taken into account in the calculation of total severance to be paid to entitled employee.  However, this limit may be increased by provisions of employment contracts.

Cap of severance pay is determined as equal to the amount received by highest public officer as severance . As the salaries of  state officials are arranged twice a year according to collective agreement, severance cap amounts are determined for each half years.

In calculation of the last 30 days’ wage, the wage paid and  some contractual and statutory benefits in kind provided by employer shall be taken into account. Also periodical (annually, quarterly etc.) payments such as premium and bonuses will be added in monthly basis.

Please note that there is no cap amount for severance pay for press employees.

Cap of Severance to be implemented  betwen 01.01.2019 – 30.06.2019 is as follows.

CAP OF SEVERANCE PAY 1. Half of the Year 2. Half of the Year
01.01.2019 - 30.06.2019 01.07.2019 - 31.12.2019
₺6.017,60
₺0,00

For further information on severance payment please visit our website:

http://turkishlaborlaw.com/news/business-in-turkey/471-calculate-severance-pay

http://turkishlaborlaw.com/news/legal-news/646-which-payments-are-included-in-severance

http://turkishlaborlaw.com/news/business-in-turkey/521-calculation-of-gross-wage-in-severance-payment

http://turkishlaborlaw.com/news/business-in-turkey/462-faqs-on-press-labor-law-in-turkey

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