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ARTICLE · 03 NOVEMBER 2021

Amendments To The Wage Guarantee Fund Regulation Have Been Introduced

Moroglu Arseven
Moroglu Arseven
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Regulation Amending the Wage Guarantee Fund Regulation ("Amendment Regulation") has entered into force after being published in Official Gazette dated 30 September 2021 and numbered 31614.

TurkeyEmployment and HR
İpek Ünlü Tık
İpek Ünlü Tık
Kaan Başer
Kaan Başer
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Regulation Amending the Wage Guarantee Fund Regulation ("Amendment Regulation") has entered into force after being published in Official Gazette dated 30 September 2021 and numbered 31614.

The Amendment Regulation aims to clarify the procedures and principles to be applied regarding the payments to be made from the fund in the event of the employer's insolvency as well as the principles regarding the wage guarantee fund, by bringing additional regulations to the articles that are unclear in the Wage Guarantee Fund Regulation.

  • Pursuant to article 1 of the Amendment Regulation, the definitions in article 4 of the Wage Guarantee Fund Regulation have been amended. In this regard, the definitions of "Date of Insolvency" and "Basic Wage" stated under article 4/1-d of the Wage Guarantee Fund Regulation have been separated from each other, and the part related to the "Basic Wage" has been added as a separate provision under article 4/1-g.

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