Severance pay is one of the rules added as a deterrent to prevent the dismissal of workers while there is no valid reason when there is no valid reason.
Calculation of severance pay.
Severance pay = (the number of years of the worker) x (gross fee in the last month he worked.)
If the employment contract is specified, the items to be added to the gross wage as a fee supplement are as follows. The upper limit of severance pay.
The amount of severance pay to be paid to the worker in exchange for a year of service cannot be more than the maximum retirement bonus to be paid for a year of service to the highest civil servant (Undersecretary of the Prime Ministry) subject to the Civil Servants Law.
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