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ARTICLE · 20 DECEMBER 2016

Turkey Announces Employer Obligations For Automatic Pension System

Moroglu Arseven
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Turkey has announced secondary legislation outlining details for the newly introduced automatic private pension scheme, which will take effect from 1 January 2017 (more).

TurkeyEmployment and HR
E. Benan Arseven
E. Benan Arseven
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Turkey has announced secondary legislation outlining details for the newly introduced automatic private pension scheme, which will take effect from 1 January 2017 (more). The details particularly address employer obligations for participating in the scheme, as well as dealing with employee contributions.

Prime Ministry Circular No 2016/26 regarding Automatic Participation in Private Pension System ("Circular") was published in Official Gazette number 29990 on 26 November 2016. The Circular outlines details for the automatic pension scheme ("Scheme"), introduced by the Law on Personal Pension Savings and Investment System No 4632 ("Law").

The Circular outlines details of employers' obligations to:

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