Private Pension System Under The Age Of 18
The law, which allows citizens under the age of 18 to be included in the Private Pension System (BES), was accepted by the Turkish Grand National Assembly and became law.With the amendment made in the Insurance Law, the participation of those under the age of 18 to the PPS(BES), associations and foundations that make a commitment to their members or employees for retirement and meet the conditions will be able to transfer their savings partially or completely to PPS(BES) until December 31, 2023. With this arrangement, a transfer of 10 billion TL is expected from 50 foundations and funds until the end of 2023. With the regulation regarding those who are under the age of 18, it is aimed that 2.4 million children will enter the PPS(BES) system in 10 years and save 32 billion TL.