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TURKISH COMPANY TO PREPARE 1.5M CERTIFICATES FOR SOCIAL INSURANCE

Business Materials 19 August 2005 13:11 (UTC +04:00)

A tender on the issue of certificates of social insurance, announced by the State Fund for Social Security has been complete. 4 companies submitted bids for the tender.

Technik Atilim, a Turkish company, has become a winner of the tender.

The issue of certificates on social insurance will start from the end of next month.

At present the contracts are being signed. The certificates will be issued free of charge for all employees, while the unemployed can receive the document only after declaration about their activities.

The SFSS made an order for publication of 1, 500,000 certificates. In general, the application of private registration will prevent �black accountancy’ and concealment of activities. Thus, the social security of the informal workers is imposed to danger. Unless a citizen accumulates funds in account, it will certainly endanger the future security. Unless an employer pays for social insurance, he steals from the social insurance of an employee.

At present the employers pay 22% in social insurance and employees - 3%.

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