Employee Benefits in Turkey, 2022 Update – Key Regulations, Statutory Public and Private Benefits, and Industry Analysis

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The Turkish social security system is largely like the Continental model, with employee contributions made according to their insurance and payroll status. Contributions are collected in a joint pool and pensions are paid, upon becoming eligible, according to contributions made. From 1990, several financial problems arose in the Turkish social security system due to the implementation of early retirement, an increase in unregistered employment, and low rates of contributions and income subject to contributions. The system does not cover the entire population and does not have sufficient protection against poverty. This unsystematic method limited consistency in standards concerning employee rights and obligations. Social security reform was introduced in 2008 to address these issues.

Turkey employee benefits market research report is the result of extensive research into the social security and private employee benefits in Turkey It provides insights into the wide range of employee benefits such as retirement benefits, long-term and short-term sickness benefits, and medical benefits as well as other state and private benefits offered by employers in Turkey. The primary source used for gathering the information in this report was Republic of Turkey: Social Security Institution and Mutual Information System on Social Protection of the Council of Europe.

Major State and Compulsory Benefits in the Turkey Employee Benefits Market

Major state and compulsory benefits in the Turkey employee benefits market include retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, worker’s compensation insurance, maternity and paternity benefits, and other benefits.

Retirement Benefits in the Turkey Employee Benefits Market

The Retirement benefits are granted to individuals upon attaining the age of retirement. It is granted under retirement insurance, and compulsory social insurance, and comes under the long-term insurance branch. It is funded by contributions made by employers, employees, and the state.

In Turkey, the pension system comprises three pillars:

Pillar I: a pay-as-you-go (PAYG) public pension scheme, which provides income-tested safety and a flat rate supplementary pension

Pillar II: Mandatory and voluntary occupational plans. It comprises two mandatory occupational pension schemes: Ordu Yardımlaşma Kurumu (OYAK) and Turkish Hard Coal Company (TTK) plans

Pillar III: Voluntary fully funded private pension DC plans for individuals

Short-Term Sickness Benefits in the Turkey Employee Benefits Market

Short-term sickness benefits are granted in the event of the incapacity of the insured due to the sickness caused by any reasons other than an occupational accident or disease. The sickness benefits in kind are granted under universal health insurance and cash benefits are granted under short-term insurance.

Medical Benefits in the Turkey Employee Benefits Market

Medical benefits are granted to the insured and their dependents under the universal health insurance scheme. The insured are required to make co-payment to any costs incurred for treatment. Persons entitled to medical benefits are divided into two groups: those insured who contribute to the social security system (contributory insured) and the (non-contributory insured) who cannot contribute to the social security system due to the lack of sufficient income. These insured must be a resident of Turkey for the entitlement to the benefits.

Worker’s Compensation Insurance in the Turkey Employee Benefits Market

Workmen’s compensation insurance is a social insurance that pays benefits in the event of an occupational accident or disease. It covers civil servants, employees, and applicants for apprenticeships, apprentices, students, and those prisoners working in prison workshops. Workmen’s compensation insurance comes under the short-term insurance branch. Occupational diseases refer to sickness, disability, or mental incapacity (temporary or permanent) caused by the nature of the job in which the insured is engaged. There is no qualifying period, for both civil servants and employees.

For more insights on each of the state and compulsory benefits, download a free sample report

Major Private Benefits in the Turkey Employee Benefits Market

  • Retirement Benefits
  • Death Benefits
  • Disability Benefits
  • Medical Benefits
  • Accidental Dismemberment Benefits

For more insights on each of the private benefits, download a free sample report

Market report overview

Major state and compulsory benefits Retirement Benefits, Death in Service, Long-Term Disability Benefits, Short-Term Sickness Benefits, Medical Benefits, Worker’s Compensation Insurance, Maternity and Paternity Benefits, and Other Benefits
Major private benefits Retirement Benefits, Death Benefits, Disability Benefits, Medical Benefits, and Accidental Dismemberment Benefits

Scope

This report provides a detailed analysis of employee benefits in Turkey –

  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, leaves and holidays and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Turkey

Reasons to Buy

  • Make strategic decisions using in-depth information related to employee benefits in the country
  • Assess employee benefits of the market, including state and compulsory benefits and private benefits
  • Gain insights into the key employee benefit schemes offered by private employers in the country
  • Gain insights into key organizations governing employee benefits market, and their impact on companies

Table of Contents

Table of Contents

1. Executive Summary

2. Introduction

2.1 What is this Report about?

2.2 Definitions

3. Country Statistics

4. Overview of Employee Benefits in Turkey

5. Regulations

6. State and Compulsory Benefits

6.1 Retirement Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.2 Death in Service

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.3 Long-Term Disability Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.4 Short-Term Sickness Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.5 Medical Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.6 Workers’ Compensation insurance

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.7 Maternity and Paternity Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.8 Other Benefits

– Family Benefits

– Unemployment benefits

– Long – term care Benefits

– Minimum Resources Benefits

– Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Disability Benefits

7.4 Medical Benefits

7.5 Accidental and Dismemberment Benefits

7.6 Other Benefits

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Table

List of Tables

Table 1: Insurance Industry Definitions

Table 2: Turkey – Country Statistics, 2020

Table 3: Turkey – Contributions by Employers and Employees, 2022

Table 4: Turkey – Duration of unemployment benefits

Table 5: Turkey – Monthly Unemployment Benefit 2022

Table 6: Turkey – Minimum Living Allowance 2022

Table 7: Turkey – Fixed National and Public Holidays 2022

Figures

List of Figures

Figure 1: Turkey – Main Institutions of Social Security System

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