WORKPLACES ENTERING INTO PRIVATE PENSION ON JULY 2018

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bes.pngWorkplaces employing 10 (Inc.) to 49 (Inc.) personnel will start to enter into contracts with pension companies and offer pension plans to the employees as of 1st July 2018.

As is known, auto enrolment Private Pension System, which is complementary to the mandatory state social security scheme in Turkey has been introduced by Law No. 6740 and entered into force as of 1st January 2017.

Turkish citizen employees who are under the 45 years of age and working against wage under a service contract (in the scope of Law No. 5510, articles 4/a, and 4/c) will be automatically enrolled in a pension plan arranged by employers. Participant employees may have the right of withdrawal from the system within two months.

For detailed information about auto-enrolment private pension please visit our website:

http://datassist.com/blog/130-gradual-implementation-in-turkish-private-pension

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