AI Summary & Key Takeaways
AI InsightIn the internal regulation, it was decided to the cut of 1% in January 1892 and to pay the pensions from June of the same year.
📌 3 Key Takeaways
Abstract
In the Ottoman Empire, dismissal pension which was paid to dismissed officers until their reassignment, was paid by the treasury. In the XIX. century, beginning of deterioration in the financial system and finally the budget deficits that the income-outcome imbalance of the treasury created, caused to have troubles paying pensions to the dismissed officers. After a while, dismissal pensions came to not be paid for every dismissed officer. Although several legislative measures were taken to find a solution for the problem, the difficulty of paying the pension could not be exceeded. For this reason, a new law was prepared and it was decided to establish a fund by deductions from officers’ salaries to compensate for the pensions of dismissed ones. The fund so-called Dismissal Pension Chest would save the treasury both from the pressure of paying these salaries and save the officiers from being unemployed in periods of dismissal. The government approved a 1% cut from salaries and the creation of a separate office and chest in the Civil Service Retirement Chest. The management of the Civil Service Retirement Chest prepared the internal regulations for Dismissal Pension Chest which was held responsible for these salaries. In the internal regulation, it was decided to the cut of 1% in January 1892 and to pay the pensions from June of the same year.
Özet
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