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ARTICLE · 25 NOVEMBER 2020

2021 Mandatory Private Pension Obligation

As known, with the "Regulation on the Amendment of the Regulation on the Procedures and Principles Regarding the Automatic Enrollment of Employees in the Pension Plan Through Their Employers"...

TurkeyEmployment and HR

As known, with the "Regulation on the Amendment of the Regulation on the Procedures and Principles Regarding the Automatic Enrollment of Employees in the Pension Plan Through Their Employers", which entered into force on 7.12.2018, the points that employers should pay attention to in mandatory individual pension processes were explained.

According to these points, employers may have some obligations regarding automatic private pension plans as of 2021.

You can find below the related explanations of these points below:

Determination of the Number of Employees

Employers should pay attention to the determination of the number of employees for 2020. In determining the number of employees, the latest Withholding and Premium Service Declaration (November 2020 Declaration) or workplace declaration should be checked. If this number is 5 or more, all employees should be included in the automatic enrollment pension system by 2021.

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