Research on impact on individual retirement system of the automatic system in Turkey contributions: The case of Ordu

Today's world takes various measures to ensure that the individual lives better throughout his or her life. States take various steps in this regard together with the private sector and make arrangements to ensure the health and future of its citizens. Within the framework of the social state concept, the private pension system aims to reduce social injustice and poverty in society and to ensure social welfare in the society. In this context, individual pension is a system that is supported by state contribution, which enables the regular savings that individuals make during their working life by directing them to investment and gaining additional income during the retirement period. The aim of this study is to investigate the effects of automatic participation on individual pension system. For this purpose, a questionnaire was applied to 278 people selected among the customers of a public bank in Ordu. The survey results were evaluated by entering SPPS program. It was determined that automatic participation had positive effects on the individual pension system.