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Home > Economy News > Turhan Bozkurt: Severance pay will be abolished by the end of 2024

Turhan Bozkurt: Severance pay will be abolished by the end of 2024

Economy writer Turhan Bozkurt made statements regarding severance pay.

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Published: 18.10.2023 16:22 Updated: 18.10.2023 16:22
Turhan Bozkurt: Severance pay will be abolished by the end of 2024

Following the Medium-Term Program, it was skillfully hidden between the lines of the 12th Five-Year Development Plan.

Here are those lines: "The Private Pension System (BES) will be made more attractive to increase the fund amount and the number of participants, and the Automatic Enrollment System (AES) will be developed to include employer contributions and ensure fund diversity." 

"A complementary pension system will be established, where the automatic enrollment system will transform into a second-pillar pension system that also includes employer contributions."

AES, employer contribution... Magic words... Severance pay will be transferred to a fund based on 15 days. 




News Source: 12punto

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severance pay salary pension