Within the scope of Pension Monitoring Center’s “We Meet for Your Retirement, Turkey is Getting BES’ed” project, a panel was organized at Çerkezköy Organized Industrial Zone with the participation of the leading representatives of insurance market.
Moderated by the journalist Noyan Doğan, the panel’s speakers were Burak Ali Göçer, General Manager of Garanti Emeklilik, Eyüp Sözdinler, Vice Chairman of Çerkezköy OSB (Organized Industrial Zone), and Mehmet Danyeli, Vice Chairman of Çerkezköy Chamber of Commerce and Industry. The panel was attended by the managers and employees of companies located in Çerkezköy OSB, as well as the students from the Çerkezköy OSB Occupational and Technical Anatolian High School.
The panel discussed the Individual Pension System and auto-enrollment from all aspects. Burak Ali Göçer, General Manager of Garanti Emeklilik, stated in his speech that such organizations were very valuable, as they created a platform to gather with industrialists whom they regard as business partners. Emphasizing that the most important pillar of the New Economic Program is “savings”, Göçer stated that Individual Pension System and auto-enrollment played a vital role for this pillar.
A system that touches 15 million people and 600 thousand companies
Göçer also shared detailed information about the development of Auto Enrollment System, which was initiated as of 1 January 2017:
“Auto-Enrollment was launched as of 1 January 2017. Until now, the system has covered 12 million employees and 200 thousand companies. 5.5 million of 12 million employees have decided to stay in the system and continue saving. We expect nearly 2 million more people to enter in the system. As of 1 January 2019, approximately 400 thousand companies with 5 to 9 employees will enter the system. Therefore, auto-enrollment interests nearly 15 million employees and 600 thousand companies. This means that we can consider individual pension system as Turkey’s most efficient saving system.”
Underlining that the support of employers’ is of great importance to ensure that employees do not withdraw from the system, Göçer added: “It is highly important to work in cooperation with the employer. It is much more effective if employers encourage their employees to stay in the system.” He also reminded that employers that do not participate in the system will be subjected to penal sanctions.