When Will the 3rd Installment of the Additional Bonus Be Paid? The timing of the third installment of the additional bonus payments, eagerly awaited by millions, is a frequently searched topic. The additional bonus paid to public-sector workers in four equal installments has already seen its first two 2020 installments distributed. Accordingly, the third installment for 2020 is expected to be paid before Eid al-Adha, which falls on July 31, 2020.
The additional bonus, paid annually to public workers, is distributed in four equal installments. The total amount corresponds to 52 days of pay. For 2020, the first installment was paid on January 31, 2020, and the second installment on May 22, 2020. In previous years the third and fourth installments have typically been paid in August and December. No official announcement has yet been made about the exact timing of the third and fourth installments for 2020. According to reports, because Eid al-Adha in 2020 falls on July 31, the third installment could be paid before the holiday. If the additional bonuses are paid before the holiday, public workers will receive their payments in time for Eid. The precise payment dates will become clear after the presidential decision is published in the Official Gazette.
What Is the Additional Bonus Payment?
The Additional Bonus Payment: Under Law No. 6772, public-sector workers are entitled to an annual additional bonus equivalent to 52 days of pay. This payment is a legally guaranteed right that applies to all public workers. It covers workers who have been placed on staff within public administrations under general government, as well as those who have been placed on staff in institutions belonging to general budget public administrations that operate under the state’s legal personality.
The additional bonus for public workers is calculated based on the daily wage. For 2020, the third installment corresponds to 13 days of pay. When calculating the monthly earnings that form the basis of the additional bonus, overtime, marriage or child allowances, bonuses, in-kind benefits, and pay for weekly or general holidays are not taken into account. The bonus is paid according to the worker’s base wage and monthly total. Because the additional bonus is subject to social security contributions, 15% is withheld for SGK (social security) and a 15% income tax is also deducted from the payment. In addition, stamp tax is applied to additional bonus payments.