Second retirement is coming! Supplementary system will expand BES

The Individual Pension System, which is attracting increasing interest every passing day, has also entered 2025 rapidly. The system reached 9 million 579 thousand participants in its first month, while the fund size reached 1 trillion 195 billion liras. In the Automatic Participation System (OKS), where the number of participants was 7 million 555 thousand, the fund size was 90.6 billion liras. Thus, the total number of participants in the system exceeded 17 million 133 thousand, including OKS, and the total fund size exceeded 1 trillion 285 billion TL, including OKS and State Contribution.

Second retirement is coming! Supplementary system will expand BES (AA)

STATE CONTRIBUTION AND CHILDREN The rapid growth in BES accelerated especially with the decisions to increase the state contribution to 30 percent and to include children under the age of 18 in the system. While the growth in the contribution increased the attractiveness, families also included their young children in the system and created a savings piggy bank. At this point, the number of participants under the age of 18 reached 1.4 million, while the fund size exceeded 37 billion TL. However, it is expected that BES will make its real explosion with the introduction of the Supplementary Retirement System.

Second retirement is coming! Supplementary system will expand BES (AA)

A SECOND RETIREMENT FOR EVERYONE With the Supplementary Retirement System (TES), which is included in the Medium Term Program and is planned to be put into effect in the last quarter of 2025 and the beginning of 2026, employees will have the opportunity for a second retirement outside the Social Security Institution (SGK). Employees will be included in a second premium payment system outside the Social Security Institution.

Thus, both SGK and TES premiums will be paid. Premiums will accumulate with an application similar to the Automatic Participation System (OKS) applied to those under the age of 45 today. With the automatic participation applied today, premiums are accumulated by deducting at least 3 percent from the salaries of employees in the Individual Retirement System every month. However, the system is not mandatory. Employees leave the system if they wish. The new system will be mandatory and retirement will be earned at the end of the period.

Second retirement is coming! Supplementary system will expand BES (AA)

TRIPLE PREMIUM SUPPORT The employer pays the employees' SGK premiums. In Bağ-Kur, they make their own payments. There will be a triple structure in the complementary system. According to the model being worked on, the person will pay at least 3 percent of their gross salary while the employer will contribute at the same rate. The state will also contribute 30 percent of the premium amount paid. Thus, the savings in the system will increase even more.