Socio-economic situation of those included in the private pension system in Turkey: A field research

The number of those involved in the private pension system in Turkey has been increasing since the day it started to be implemented in 2001. Private pension is increasing day by day due to the increase in the desire of people to secure their future financially, the incentives of the state for the inclusion of the system and the employer's payment of additional contribution to the system as a social right for the employees. The aim of this study is to determine the socio-economic status of individuals included in the private pension system and to analyze the effects of this socio-economic situation on the amount of savings they have made in the system and their length of stay in the system. For this purpose, a field study was conducted in Istanbul. According to the research, it was concluded that factors such as increase in the income level of individuals, increase in total income of households, employment of spouses did not increase the inclusion status in the private pension system, but increases in socio-economic level increased participation in the system. On the other hand, as the factors such as socio-economic status, income levels, working status of spouses and the duration of stay in the system increased, the amount of premiums paid by the participants increased in the system. Key Words: Social Security, Pension, Private Pension