In the article 120 of the Labor Law No. 4857, it is foreseen that the
article 14 of the Labor Law No. 1475 will remain in force until the
establishment of the severance payment fund. This article regulates severance
pay. With the Law No. 4447 Unemployment Insurence Law, the retirement age
has been increased. Retirement age was set as 60 in males and 58 in females.
Number of premium payment days were also increased. However, with the Law
No. 4447, a sub-article was added to Article 14 of the Labor Law No. 1475. It is
envisaged that the workers who do not complete the age limit for the old-age
pension but have completed insurance period and the number of days paying
premiums will be able to receive severance pay if they leave their jobs
depending on their will. With the regulation of the Law No. 4447, the
conditions of taking severance have been softened while the age of retirement
has been increased. The workers who entered the job before 08.09.1999 benefit
from this arrangement with the conditions of 15 years insurance period and
3600 premium payment days. The workers who entered the job between
08.09.1999 and 01.10.2008 and the workers who entered the job after
01.10.2008 benefits from this regulation with different conditions. Workers who
are not covered by Labor Law No. 4857 can not benefit from this benefit. It is
also obligatory for the employee to have at least one year of seniority in order to
receive severance pay. In our work, those who entered the work before
08.09.1999 have been analyzed.
Severance Pay Law No.4447 Law No.1475 Insurance Period Number of Premium Payment Days Pensionable Age
Kıdem Tazminatı 4447 sayılı Kanun 1475 sayılı Kanun Sigortalılık Süresi Prim Ödeme Günü Emeklilik Yaşı
Primary Language | Turkish |
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Subjects | Law in Context |
Journal Section | Özel Hukuk |
Authors | |
Publication Date | May 18, 2018 |
Published in Issue | Year 2018 Volume: 13 Issue: 1 |
Erciyes University Journal of Law Faculty by Erciyes University Law Faculty is licensed under CC BY-NC-ND 4.0