27.02.2025 12:40
President Erdoğan recently signaled that the Complementary Pension System is expected to be implemented this year. So, how will this system, which will grant employees the right to receive double salaries after retirement, work? Who will benefit from it, and who will pay the premiums? Details are in our news...
Due to the low pension payments, various studies are being conducted. One of them is the Complementary Pension System, abbreviated as TES, which is expected to be implemented this year... This system will grant employees the right to receive a second salary after retirement, thus preventing a decrease in their income.
ERDOĞAN HAD GIVEN A SIGNAL
In statements regarding the new system that millions have been eagerly awaiting at the AK Party congress, President Erdoğan said, "We will strengthen the effectiveness and sustainability of our social security system with Complementary Insurance Models."
So, what is this system, and how will it work?
Details on the subject were explained by Sabah Newspaper writer Faruk Erdem.
IT WILL BE MANDATORY FOR ALL EMPLOYEES
Everyone who continues to work will benefit from the Complementary Pension System. Those who retire and continue to work will gain the right to a second pension when they meet the conditions. The system will be mandatory for all employees.
WHO WILL PAY THE TES PREMIUMS?
Employees will be included in a second premium payment system. The system will operate completely separately from SGK. As is known, employers pay the SGK premiums of employees. However, there will be a three-part structure for TES premiums. According to the model, the individual will pay at least 3% of their gross salary, while the employer will also contribute the same rate. The state will contribute up to 30% of the paid premium amount. Thus, the savings will increase.
WHAT ARE THE RETIREMENT CONDITIONS?
Currently, the retirement conditions for TES are 10 years of work and the age of 56. In other words, those who have worked for 10 years will be able to receive a pension at the age of 56. Considering these conditions, some employees may retire from TES before SGK. However, it is said that the age requirement may change. According to the formulas being worked on, the age of 60 is also on the table. However, the final decision will be clarified after legal regulations.
HOW WILL THE SALARY BE PAID?
TES was also included in the Medium-Term Program. According to the date in the OVP, the system is expected to be activated in the last quarter of this year. Two alternatives will be offered to those who retire from TES. Those who wish can receive a salary, while others can opt for a lump sum payment.