5 Big Mistakes You Could Be Making with Your Pension
5 Articles
5 Articles
The Supplementary Pension System, included in the Medium-Term Program with the aim of increasing savings, has reached an impasse due to the tightening legal timeline and economic realities. The 3% deduction from salaries has brought workers to the point of rebellion, while the increasing premium burden has angered employers.
The Supplementary Pension System, included in the Medium-Term Program and Presidential plans with the aim of increasing savings, has reached an impasse due to the tightening legal timeline and harsh economic realities. In the current situation, where the minimum wage remains below the poverty line, the new 3% deduction from salaries has driven workers to the brink of revolt, while the increased premium burden has angered employers.
İsa Karakaş, a columnist for Türkiye Gazetesi, pointed out that there is still no draft law presented to the public for the TES (Transitional Energy System), which has been postponed to different dates since 2023, and stated that it seems difficult for the system to be implemented in 2026.
The Supplementary Pension System (TES) is included as one of the key topics of pension and savings reform in the Medium-Term Economic Program (OVP) and Presidential Programs. The plan aims to transform the Automatic Enrollment System (OKS) into a second-tier pension system with employer contributions, restructure the Private Pension System (BES) and OKS funds, and simplify deductions. However, delays in the implementation schedule and the lack o…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
