The Finance Minister of the Republic of Turkey has recently
announced that the severance payment system, which is potentially
the most controversial issue of recent history of Turkish
employment law, is going to be structurally revised and implemented
by the end of 2019. Not only has this official government
announcement given a massive impetus to the final phase of these
long-awaited, and much debated, revisions, but it has also
re-ignited discussions on the ideal implementation of the severance
compensation system. This new modification package basically
introduces an establishment of a severance compensation fund to be
contributed by employers, where the employees could benefit from it
in order to receive a severance payment, regardless of resignation
or termination.
