Employee Benefits in Turkey 2021

The Turkish social security system is largely like the Continental model, with employee contributions made according to their insurance and payroll status. Contributions are collected in a joint pool and pensions are paid, on becoming eligible, according to contributions made. From 1990, several financial problems arose in the Turkish social security system due to the implementation of early retirement, an increase in unregistered employment, and low rates of contributions and income subject to contributions. The system does not cover the entire population and does not have sufficient protection against poverty. This unsystematic method limited consistency in standards with respect to employee rights and obligations. Social security reform was introduced in 2008 to address these issues.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Turkey, including an overview of the state and compulsory benefits in Turkey, detailed information about the private benefits in Turkey, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Turkey.

Key Highlights

– The Turkish social security system is largely like the Continental model, in which employee contributions are made according to their insurance and payroll status.

– The system’s main participants are employees, employers, and public sector representatives.

– The Turkish social security system does not include the entire population and does not offer sufficient protection against poverty.

– The Turkish social security system uses the pay-as-you-go method to finance social security benefits.

– The employers provide auto-enrolment occupational pension plans under Pillar II.

– Employers provide medical benefits to their employees by subscribing to group health insurance plans.

Scope

This report provides a detailed analysis of employee benefits in Turkey –

– It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

– It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, long-term care benefits, leave and private benefits

– It highlights the economic and regulatory situations relating to employee benefits in Turkey

Reasons to buy

– Make strategic decisions using in-depth information related to employee benefits in Turkey.

– Assess Turkey's employee benefits market, including state and compulsory benefits and private benefits.

– Gain insights into the key employee benefit schemes offered by private employers in Turkey.

– Gain insights into key organizations governing Turkey’s employee benefits, and their impact on companies.

Table of Contents

Table of Contents

1. Executive Summary

2. Introduction

2.1 What is this Report about?

2.2 Definitions

3. Country Statistics

4. Overview of Employee Benefits in Turkey

5. Regulations

6. State and Compulsory Benefits

6.1 Retirement Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.2 Death in Service

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.3 Long-Term Disability Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.4 Short-Term Sickness Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.5 Medical Benefits

– Introduction

– Eligibility

– Benefits

– Payment Options

– Contribution

6.6 Workers’ Compensation insurance

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.7 Maternity and Paternity Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.8 Other Benefits

– Unemployment Benefits

– Family Benefits

– Minimum Resources

– Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Disability Benefits

7.4 Medical Benefits

7.5 Accidental and Dismemberment Benefits

7.6 Other Benefits

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List of Tables

List of Tables

Table 1: Insurance Industry Definitions

Table 2: Turkey – Country Statistics

Table 3: Turkey – Contributions by Employers and Employees, 2021

Table 4: Unemployment – Duration of benefits

Table 5 : Unemployment – Monthly Unemployment Benefit 2021

Table 6 : Turkey – Minimum Living Allowance 2021

Table 7 : Turkey – Fixed National and Public Holidays 2021

List of Figures

List of Figures

Figure 1 : Turkey – Main Institutions of Social Security System

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