Employees working in public institutions are also entitled to severance pay. The conditions of this compensation are regulated in the law in detail.
In summary, severance pay can also be expressed as the faithful remuneration of the worker, who puts his effort and sweat into the service and production process, for each year of labor spent in the enterprise to which he is affiliated. This practice, which first started in the Karl Zeiss factories in Germany in the 19th century, spread over time with the establishment and development of the International Cooperation Organization (ILO) and formed a part of our labor law after the Republic and started to take its current form in a gradual development process. .
Severance Pay Case
Since the severance pay is a labor receivable , the court in charge of disputes on this issue is the Labor Courts. If the employer does not pay the compensation of the worker whose employment contract has expired and is entitled to severance pay, it is necessary to file a lawsuit in the labor courts after the mediation activity, which is a condition of action. The plaintiff has to attach the original of the final report or a copy approved by the mediator to the petition, indicating that no agreement could be reached at the end of the mediation activity.
The competent court for the lawsuits to be filed in the labor courts regarding the labor claim is the court of the place of residence of the defendant real or legal person at the date of the lawsuit and the court of the place where the work or the transaction was carried out.
There are several methods of learning your potential monthly dues before applying for a mortgage loan. You can hire a mortgage broker to do the computations. You can acquire the formula from financial institution and make the computation yourself. You can also inquire from the different banks. However, there is an easier way. With a few clicks on your computer, you will be able to have an estimate of how much you will actually pay. The use of online mortgage calculators made that possible.
Several online calculators deliver the information you need. There is an online tool to learn the value of your property, the amount you can borrow and the like. They are accurate only if you provide the right information. This is why it is essential that you learn about the current rates and market offerings of products and services related to home purchases.
How to choose a reliable online mortgage calculator?
There are several paid online mortgage calculators but there are also free tools. In fact, you will easily find one as soon as you start your search online. However, you also have to be cautions of the tools you choose. You would want to have very useful results, otherwise, the efforts to use the calculator would be worthless.
To find a good one, consider asking a few friends who have tried using one. Ask them about their experience. Inquire about the ease of using the tool as well. You should also consider the items that the calculator include. Some calculators include essential items like taxes and insurance, while others do not. Review what is included in the calculator before you start entering the information.
How to use the calculators more accurately?
These tools use the same format or formula when computing your possible monthly mortgage payment. However, you need to input the right information to have accurate results. To do this, you have to research about the essential information you will provide the calculator. First, you need to enter the amount you would like to borrow. You will surely want to borrow a bigger amount. However, to get accurate results, input only the amount you will most likely qualify for. You can ask lenders about how much you can borrow. You can also use an online calculator that will calculate the possible amount you can borrow.
Severance Pay Conditions 2022
Within the framework of the provisions of the above article, the following points stand out regarding severance pay:
In order to be entitled to severance pay, it is necessary to have worked for a workplace for at least 1 year.
This period was applied as 5 years in the Labor Law No. 3008 of 1936, in which severance pay was accepted for the first time in our law. In other words, if the employment contract of the worker who worked for 4 years and 11 months was terminated, there was no right to severance pay. This period was reduced to 3 years with the law numbered 5518 enacted in 1950, and to 1 year with the law numbered 1927 enacted in 1975. It can be seen that the 1-year seniority requirement regarding the employee's entitlement to severance pay is the result of a 40-year gradual development process in our law. Today, this period is applied as 1 year.
If the employment contract is terminated by the employer, the right to severance pay arises. (However, the termination does not arise if it is due to the actions of the worker against the rules of morality and goodwill.)
What is Severance Pay?
According to the Supreme Court; In the event that an employee who has worked for a certain period of time in one or more workplaces of the employer loses his job, taking into account the difficulties he will encounter in obtaining a new job and the contribution he has made to the workplace, the collective money given by the employer within the scope of legal principles is called "severance pay" .
Severance pay aims to minimize the damages to the worker caused by the dismissal processes, especially during periods of shrinkage in employment and economic crises. In this article, we will discuss the subject of severance pay in detail.