Legal News

Can severance pay be paid in installments?

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Can severance pay be paid in installments?	Resul Kurt

This is a really sensitive issue. On one hand, there are employers imprisoned because they could not pay their checks and on the other, there are employees whose greatest subsistence assuranceis their labor.

Generally, the severance pay should be paid on the day the employment contract is terminated. However, sometimes the severance pay is not or could not be paid on the day of termination.

Who Shall Benefit From Job Guarantee?

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Who Shall Benefit From Job Guarantee?	İbrahim Işıklı

Labor Law no 4857 article 18 states that "termination of contract of an employee engaged for an indefinite period, who is employed in an establishment with thirty or more employees and who meets a minimum seniority of six months, must depend on a valid reason for such termination connected with the capacity or conduct of the employee or based on the operational requirements of the establishment or service."

Employment package for 500.000 unemployed goes into effect

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Employment package for 500.000 unemployed goes into effect	Government's employment package to hire half a million of unemployed persons for public works like painting, whitewashing and cleaning roads went into effect in Giresun and Bitlis.

The project that was developed in Faruk  Çelik was the Ministry of Labor to create employment opportunities for 500 thousand people is finally put into effect. Employment package announced by Prime Minister Recep Tayyip Erdoğan in June includes public works like painting, maintenance  and restoration of public buildings and schools; cleaning highways and dual carriageways, and roadside plantation. 276 unemployed persons in Giresun will be hired for four months and 111 unemployed persons will be hired in Bitlis for three months to work in maintenance and restoration of schools, landscaping and plantation.

Retirement of the optional insurance holder

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Retirement of the optional insurance holder	In law no 5510, optional insurance is defined as "the insurance which allows the individuals to be subject to long term insurance branches and universal health insurance by paying optional premiums".

As of 01.10.2008, the conditions below apply in order to be optional insurance holder:

1.    Residency in Turkey,

2.    Being over the age of 18,

3.    Not working in a manner to require being subject to compulsory insurance in the Law or working as an insurance holder but less than 30 days a month or less than 360 days within the last year or not working full time.

4.    Not being put on pension due to one's own insurance

5.    Applying to the Institution with an optional insurance request petition

What do Tax Incentives and Income Tax Changes Bring Along?

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What do Tax Incentives and Income Tax Changes Bring Along?	Law no 5904 on Amendments to Income Tax Law and Some Other Laws went into effect on 3 July 2009. It is important that the respective taxpayers thoroughly understand the changes to have the utmost benefit and not make mistakes and be penalized.

This law mostly deals with tax legislation and changes twenty regulations. It is possible to discuss the part about regulations on tax legislation under two separate headings.

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