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Tax Revenues and Public Personnel Overtime Pay Determined in 2027 Budget Proposal
Turkey's 2027 budget proposal targets tax revenues of 22.1 trillion liras. While 6.3 trillion liras are allocated for public personnel, civil servants' overtime pay will be increased by 20 percent to 19.85 liras. A 507 percent increase is projected in real estate sales revenues.
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Economy
Politics
Warning from SGK Expert Regarding Premium Notifications Directly Affecting Retirement Pensions
It was reported that premium notifications made to the Social Security Institution must be complete to prevent employees from losing their rights regarding retirement pensions. It was noted that correctly reflecting overtime, bonuses, and premium payments in SGK records directly determines the pension amount in the long term.
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Economy
Precedent-Setting Ruling from the Court of Cassation Preventing Duplicate Payments in Employee Claims
The high court ruled that counting the 7.5 hours of work performed by employees working seven days a week during their weekly rest days toward both weekly rest pay and overtime calculations constitutes a double payment.
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Economy