Proposed Amendments To Automatic Enrolment In Private Pension Plans System

Automatic enrolment in private pension plans system for employees was introduced to Turkish law with the Amendment Act published on 25 August 2016. Accordingly, the employees under the age of 45 should be enrolled in a private pension plan with a pension agreement between the employer and a pension company. The provisions entered into force on 1 January 2017 but the regulation is applied gradually depending on the number of employees working at an employer. So far, the employees of an employer with at least 50 employees were enrolled to system. On 1 July 2018, employees of an employer with 10-49 employees will be joining the system and for employees of an employer with 5 - 9 employees, this date will be 1 January 2019.