According to the new Medium Term Program (MTP) covering a three-year period in the economy, the Supplementary Pension System (TES) will be established, in which the Automatic Participation System will be transformed into a second-stage retirement system with the contribution of employers.
According to the news by Önder Yılmaz from Sabah, the new severance pay system, TES, will be a structure based on compensating for income loss in retirement. Legal regulations will be implemented in the 4th quarter of 2025.
According to the news, with TES, which is designed as a study that will protect living standards during the working period, create additional retirement income and allow households to save more, retirement salaries will be received from both the social security system and the complementary retirement system.
With TES, cash contributions will be made to the employee’s individual account by the employee, employer and the state. In addition to the deductions made from the employee’s gross salary, the employer is also expected to contribute a certain amount to the employee’s contract.
