Pension – Muhasebe News https://www.muhasebenews.com Muhasebe News Fri, 05 Feb 2021 10:43:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Foreign Pension Transactions in Turkey https://www.muhasebenews.com/en/foreign-pension-transactions-in-turkey-2/ https://www.muhasebenews.com/en/foreign-pension-transactions-in-turkey-2/#respond Fri, 05 Feb 2021 11:00:01 +0000 https://www.muhasebenews.com/?p=103636 What are the conditions for being entitled to invalidity, old age and survivor’s pensions based on the credited periods completed abroad?
Conditions for being entitled to invalidity, old age and survivor’s pensions based on the credited periods are as follows:

  • Being a returnee, (the statement of returnee represents the termination of employment abroad of the claimant and not receiving any social insurance or social benefit based on residence. The statement of absolute is not used in cases of entering into country and not going abroad any more.)
  • Paying the amount equal to the corresponding minimum period/day enough for being entitled to pension over the realized debt,
  • Being entitled to pension under the applicable provisions of abrogated social security law/laws or the provisions of the Law No. 5510,
  • Making a written application to the Institution.

What am I required to do first in order to be entitled to invalidity, old age and survivor’s pensions based on the credited periods completed abroad?
After completion of the process of foreign service crediting these forms should be completed: Claim for Allocation and Document of Representations Warranties (link) and Document of Representation Warranties for Claimants under Law No. 3201. (link)
Claim for Allocation and Document of Representations Warranties shall be obtained from Social Security Provincial Directorates/Social Security Centres and also from the web page of Social Security Institution:
(http://www.sgk.gov.tr/wps/portal/tr/sigortalılık/form_ve_dilekceler/formlar).
I have completed the Claim for Allocation and Document of Representations Warranties and Document of Representation Warranties for Claimants under Law No. 3201. What am I supposed to do now?
The condition of making the pension applications in person has been cancelled. The necessary documents can either be submitted directly to the relevant Social Security Provincial Directorate/Social Security Centre or can be mailed from either upcountry or abroad, after being duly completed and signed.
Submission of an updated service document is required only for those who apply from abroad.
Service documents issued within one month before the date of application are accepted as up to date.
For the returnees, it is not compulsory for the service document to be up to date.
Is it compulsory to be a Turkish citizen on the date of application or receiving of the pension?
It is not compulsory to be a Turkish citizen on the date of application or receiving of the pension according to the Law No. 3201 after 08/05/2008.
I have been entitled to a pension based on the crediting of the periods completed abroad. Am I obliged to make any notification before going abroad?
People, who are entitled to invalidity, old age and survivor’s pension based on the crediting of the periods completed abroad and stayed abroad for more than six months, have to submit to the Institution the Survey Document for Pensioners under the Law No. 3201 together with the other documents indicating whether the person is employed abroad and is receiving a social insurance or social benefit based on residence, within three months from the completion of the mentioned six month’s period.
Suspension of the Pension and Succeeding Transactions
If the person fails to submit the Survey Document for Pensioners under the Law No. 3201 within the specified period, his/her pension shall be suspended without any notification until the submission of the said document.
Pensions of those who are entitled to a pension under the Law No. 3201 based on crediting of the periods completed abroad shall be terminated as from the commencement date, in case it is determined that their employment abroad has not ended as of the commencement date of the pension, because of violating the condition of leaving the job abroad for being entitled to a pension.


Source: Social Security Institution (SGK)
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


]]>
https://www.muhasebenews.com/en/foreign-pension-transactions-in-turkey-2/feed/ 0
What are the Foreign Pension Transactions? (In Turkey) https://www.muhasebenews.com/en/what-are-the-foreign-pension-transactions-in-turkey/ https://www.muhasebenews.com/en/what-are-the-foreign-pension-transactions-in-turkey/#respond Wed, 13 Nov 2019 08:00:38 +0000 https://www.muhasebenews.com/?p=70681 What are the Foreign Pension Transactions? (In Turkey)

What are the conditions for being entitled to invalidity, old age and survivor’s pensions based on the credited periods completed abroad?

Conditions for being entitled to invalidity, old age and survivor’s pensions based on the credited periods are as follows:

  • Being a returnee, (the statement of returnee represents the termination of employment abroad of the claimant and not receiving any social insurance or social benefit based on residence. The statement of absolute is not used in cases of entering into country and not going abroad any more.)
  • Paying the amount equal to the corresponding minimum period/day enough for being entitled to pension over the realized debt,
  • Being entitled to pension under the applicable provisions of abrogated social security law/laws or the provisions of the Law No. 5510,
  • Making a written application to the Institution.

What am I required to do first in order to be entitled to invalidity, old age and survivor’s pensions based on the credited periods completed abroad?

After completion of the process of foreign service crediting these forms should be completed: Claim for Allocation and Document of Representations Warranties (link) and Document of Representation Warranties for Claimants under Law No. 3201. (link)
Claim for Allocation and Document of Representations Warranties shall be obtained from Social Security Provincial Directorates/Social Security Centres and also from the web page of Social Security Institution:
(http://www.sgk.gov.tr/wps/portal/tr/sigortalılık/form_ve_dilekceler/formlar).

I have completed the Claim for Allocation and Document of Representations Warranties and Document of Representation Warranties for Claimants under Law No. 3201. What am I supposed to do now?
The condition of making the pension applications in person has been cancelled. The necessary documents can either be submitted directly to the relevant Social Security Provincial Directorate/Social Security Centre or can be mailed from either upcountry or abroad, after being duly completed and signed.
Submission of an updated service document is required only for those who apply from abroad.
Service documents issued within one month before the date of application are accepted as up to date.
For the returnees, it is not compulsory for the service document to be up to date.

Is it compulsory to be a Turkish citizen on the date of application or receiving the pension?
It is not compulsory to be a Turkish citizen on the date of application or receiving of the pension according to Law No. 3201 after 08/05/2008.

I have been entitled to a pension based on the crediting of the periods completed abroad. Am I obliged to make any notification before going abroad?
People, who are entitled to invalidity, old age and survivor’s pension based on the crediting of the periods completed abroad and stayed abroad for more than six months, have to submit to the Institution the Survey Document for Pensioners under the Law No. 3201 together with the other documents indicating whether the person is employed abroad and is receiving a social insurance or social benefit based on residence, within three months from the completion of the mentioned six month’s period.

Suspension of the Pension and Succeeding Transactions
If the person fails to submit the Survey Document for Pensioners under the Law No. 3201 within the specified period, his/her pension shall be suspended without any notification until the submission of the said document.

Pensions of those who are entitled to a pension under the Law No. 3201 based on crediting of the periods completed abroad shall be terminated as from the commencement date, in case it is determined that their employment abroad has not ended as of the commencement date of the pension, because of violating the condition of leaving the job abroad for being entitled to a pension.


Source: Social Security Institution (link: http://www.sgk.gov.tr/wps/portal/sgk/en/detail/foreign_pension/foreigm_pension)
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


]]>
https://www.muhasebenews.com/en/what-are-the-foreign-pension-transactions-in-turkey/feed/ 0
In accordance with the regulation regarding the number of employees subject to compulsory individual pension system, do we also have to include the employees who have bağkur? https://www.muhasebenews.com/en/in-accordance-with-the-regulation-regarding-the-number-of-employees-subject-to-compulsory-individual-pension-system-do-we-also-have-to-include-the-employees-who-have-bagkur/ https://www.muhasebenews.com/en/in-accordance-with-the-regulation-regarding-the-number-of-employees-subject-to-compulsory-individual-pension-system-do-we-also-have-to-include-the-employees-who-have-bagkur/#respond Wed, 26 Dec 2018 16:00:36 +0000 https://www.muhasebenews.com/?p=42530 Regarding the compulsory individual pension system (CIPS) starting on 01.01.2019, do we have to include the employer when calculating the compulsory number of months for November  if we are a private company? Or should we count it as 4 people with SII (Social Security Institution) + 1 person with Bağkur (social security organization for artisans and the self-employed). Or should we only look at the number of employees with SII?
 (19.12.2018 )

 

4a employees are considered when calculating the number of employees who will benefit from CIPS.

 

 


Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


]]>
https://www.muhasebenews.com/en/in-accordance-with-the-regulation-regarding-the-number-of-employees-subject-to-compulsory-individual-pension-system-do-we-also-have-to-include-the-employees-who-have-bagkur/feed/ 0
Are people who are over 45 years of age included when calculating compulsory individual pension system? https://www.muhasebenews.com/en/are-people-who-are-over-45-years-of-age-included-when-calculating-compulsory-individual-pension-system/ https://www.muhasebenews.com/en/are-people-who-are-over-45-years-of-age-included-when-calculating-compulsory-individual-pension-system/#respond Wed, 26 Dec 2018 09:30:25 +0000 https://www.muhasebenews.com/?p=42528 …Since January 2019, our employees will consist of 5 people and one of them is over 45. According to legislation, companies that has 5 and  more employees are required to register in CIPS. When we go to the bank, it is said that one of our employees can’t be included in the system as he is over 45. We were told that the number of employees we have is accepted as 4. Therefore we wouldn’t be required to register in the system as the system is not opening. Do we have to register in the system? I couldn’t see any information requiring us to do so.

 (19.12.2018)

 

Without taking into consideration if the employees fulfil the requirements of registering in the automatic enrollment (the number of employees who are over/above 45, employees who work in local/ foreign/ abroad places, without practicing any favoritism among people who work in branches and/or multiple workplaces), number of employees are calculated depending on the employer according to the declaration made to SSI and Regulation on Social Security Proceedings.

 

 

 


Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


]]>
https://www.muhasebenews.com/en/are-people-who-are-over-45-years-of-age-included-when-calculating-compulsory-individual-pension-system/feed/ 0
Russia pension: Protests over retirement age hikes https://www.muhasebenews.com/en/russia-pension-protests-over-retirement-age-hikes/ https://www.muhasebenews.com/en/russia-pension-protests-over-retirement-age-hikes/#respond Tue, 03 Jul 2018 11:51:25 +0000 https://www.muhasebenews.com/?p=30720 Russia pension: Protests over retirement age hikes

Protests are being held in about 30 Russian cities to express anger at proposals to raise the pension age.

The plan, announced the day the football World Cup began, would see the age raised gradually from 60 to 65 for men, and from 55 to 63 for women.

The government says the changes are needed to cope with a shrinking workforce having to provide for an increasing number of retirees.

But unions warn many people will not live long enough to claim a pension.

Russian men have a life expectancy of 66 while for women it is 77, the World Health Organization says.

An estimated 3,000 people turned out in the Siberian city of Omsk and there have been smaller protests elsewhere.

They included supporters of leading opposition figure Alexei Navalny but also trade unionists, Communists, and nationalists.

Writing on Instagram, Mr. Navalny said the pension age hike was a “true crime”.

“It is a common robbery of tens of millions of people under the guise of ‘much-needed reform’,” he said.

______________________________________________________________________

Source: BBC
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult with an expert before taking a decision based on the information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]>
https://www.muhasebenews.com/en/russia-pension-protests-over-retirement-age-hikes/feed/ 0
How can a Person Pension from France? https://www.muhasebenews.com/en/how-can-a-person-pension-from-france/ https://www.muhasebenews.com/en/how-can-a-person-pension-from-france/#respond Wed, 11 Oct 2017 08:00:37 +0000 https://www.muhasebenews.com/?p=16163 1- WHAT IS ADDITIONAL PENSION FUND RECEIVED FROM FRANCE?
In France, a person gets “additional pension fund” apart from Additional Pension Institutions’ retired pay on which they depend mandatorily during their businesses and on which their offices depend. Required age limit is the same as retired pay age limit.

2- IS IT POSSIBLE TO PUT WIDOW/WIDOWER ON SALARY IN CASE OF THE DEATH OF HIS/HER SPOUSE?
In case of the death of an insured, it is possible to put his/her spouse on salary from fifty-five years of age upward. If the spouse of an insured passed away before 01.07.1996, it is possible to put his/her spouse on salary from fifty years of age upward. If there is at least two dependent children or disablement, it does not require age limit.

3- WHAT SHOULD BE DONE IN ORDER TO RECEIVE ADDITIONAL PENSION FUND AND WIDOW’S PENSION?
In order to receive additional pension fund and widow’s pension; the insured or the rightholder should directly apply to Caisse de retraite complémentaire, which is a retirement institution when they are in France. Application forms can be provided from Turkish institutions or via internet.

***When Turkish citizens send their related documents to Turkish Consultancy, those documents are sent to the related French institutions.

Source: SSI

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]>
https://www.muhasebenews.com/en/how-can-a-person-pension-from-france/feed/ 0
If an Employee Leaves his Job in Order to Receive Lump Sum Payment, Will He/She Have a Right to Get Seniority Indemnity in Turkey? https://www.muhasebenews.com/en/if-an-employee-leaves-his-job-in-order-to-receive-lump-sum-payment-will-heshe-have-a-right-to-get-seniority-indemnity-in-turkey/ https://www.muhasebenews.com/en/if-an-employee-leaves-his-job-in-order-to-receive-lump-sum-payment-will-heshe-have-a-right-to-get-seniority-indemnity-in-turkey/#respond Tue, 13 Jun 2017 07:46:15 +0000 https://www.muhasebenews.com/?p=17622 1- WHAT IS LUMP SUM PAYMENT?
Lump Sum Payment: If an insured employee fulfills the age limit that is required for retirement even though he/she cannot fulfill number of days for premium payment and/or insurance period, he/she will not have a right to get pension. In this case, the insured employee may demand his/her premium payments as a lump sum payment.

2- IN CASE OF THE DEATH OF AN INSURED EMPLOYEE, TO WHOM SHOULD LUMP SUM PAYMENT BE MADE?
In case of the death of insured employee, lump sum payment should be made to beneficiaries if employee’s beneficiaries do not have a right to get widow’s pension because insured employee does not fulfill number of days for premium payment and/or insurance period.

3- IN AN EMPLOYEE LEAVES HIS JOB IN ORDER TO RECEIVE LUMP SUM PAYMENT, WILL HE/SHE HAVE A RIGHT TO GET SENIORITY INDEMNITY IN TURKEY?
If an employee leaves his job in order to receive lump sum payment, he/she will have a right to get seniority indemnity.

Because it is considered that it is a valid reason to leave the job in order to receive lump sum payment in line with article 14 of the Labor Law numbered 1475.

Source: Labor Law

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]>
https://www.muhasebenews.com/en/if-an-employee-leaves-his-job-in-order-to-receive-lump-sum-payment-will-heshe-have-a-right-to-get-seniority-indemnity-in-turkey/feed/ 0
What should be done in Case of a Deduction from Pension Received from Abroad? https://www.muhasebenews.com/en/what-should-be-done-in-case-of-a-deduction-from-pension-received-from-abroad/ https://www.muhasebenews.com/en/what-should-be-done-in-case-of-a-deduction-from-pension-received-from-abroad/#respond Wed, 17 May 2017 14:44:24 +0000 https://www.muhasebenews.com/?p=16149 WHAT SHOULD BE DONE IN CASE OF A DEDUCTION FROM PENSION RECEIVED FROM ABROAD?
If a person, who resides in Turkey and receives pension from abroad, does not introduce the Life Certificate which is compulsory to introduce every year, there can be a deduction from his/her pension.

Vital record taken from the Civil Registry may take the place of the Life Certificate. There is no need to translate that document in addition.

Furthermore, one can request for help by applying to Provincial Directorate of Social Security Institution or Ministry of Labor and Social Security where the person resides.

In this application, it is sufficient to indicate
1- Insurance institution where the person receives his/her persion and insurance number,
2- Credentials.

Source: Ministry of Labor and Social Security

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]>
https://www.muhasebenews.com/en/what-should-be-done-in-case-of-a-deduction-from-pension-received-from-abroad/feed/ 0