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Social Security Law and Legislation

 
16June2015

Early Retirement: Retroactive Payment of Premiums for Birth And Military Service Periods

Turkish laws and regulations allow the retroactive payment of premiums for childbirth and military service periods for early retirement. The premiums owed as a lump sum for the mentioned periods are calculated based on minimum wage, which will be subject to an increase in July 2015.

It is advised that those who would like to benefit from this option for early retirement apply in June in order to take advantage of the former minimum wage amount and pay favorable rates.

The lowest applicable calculation base is 32% of the current minimum wage; which for June 2015 is 384,48 – for 30 days. With the upcoming increase in minimum wage in July, this amount will raise up to 407.52.

As a result, a retroactive premium payment for 24 months for childbirth, calculated from the lowest base, as 9.222,52 TL in June will be 9.780,48TL in July, a whopping increase of 552,00 TL. Likewise, a retroactive premium payment for 18 months for military service amounting to 6.920,64 TL will increase to 7.335,36 TL in July.

Author Selma Kıy, Category Social Security Law and Legislation

28May2015

Regulation on Tax-Free Childbirth Support

cott-group-semsiye Regulation on Tax-Free Childbirth Support has been published in the Official Gazette on 23/05/2015. Below is a summary on the scope and application of the regulation.
 

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Social Security Law and Legislation

20May2015

Employer's Obligation to Declare under Turkish Labour Regulations

cott-group-semsiye
 Employers have a number of different declaration obligations under Turkish Labour laws and regulations. This article provides an overview of such common obligations.
 
 

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Social Security Law and Legislation, Labor Law

30April2015

Amendments in Labour Legislations with the Bill Omnibus Nr. 6645

cott-group-semsiye
 6645 enumerated 'Law amending Work Place Health and Safety and other laws and enactments' has been published in the Reiterated Official Gazette on 23/04/2015 and entered into force on the date of publishing. With the Bill Omnibus, which includes 89 articles, many regulations, including Labour Law, Social Security and Income Tax have been subject to important changes. This article consists of briefing on the most significant amendments concerning employees and employers.
 

Category Social Security Law and Legislation, Taxation Law, Labor Law

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