History of AES

• The matters that employers must take into consideration when choosing the pension company,
• The principles on deduction of the contributions from employees' salaries, and transfer and monitoring of the deducted amounts to pension companies,
• Main essential elements of a pension contract,
• The processes for workplace change, contribution payment suspension or withdrawal, and leaving the system by the employees,
• Main information, documents and forms to provide the employee.

• Responsibilities of the employer and the pension company during the process of deduction of the contribution from the employee's salary and transfer to the pension company; and the matters on tracking contribution collections, and the contribution returns to be made to the employee,
• The content of the pension plan and the pension mutual funds to be offered within the plan,
• The matters on re-entry of the employees who have withdrawn from the plan,
• The matters on the process of calculating the state contribution as a commitment, and the valuation method and frequency these amounts are recorded in the state contribution account; vesting periods for the calculated state contribution and the state contribution rates to be vested for at the end of these periods; the investment process of the paid state contributions; and unduly earned and paid amounts,
• The attributes of the contracts and forms to be signed by the parties; and the information and content of the documents and forms to be presented to the employees, and the procedures and principles of the notifications to be made with these,
• The procedures for transfers due to change of workplace and in the transactions regarding termination of employment relation.

Pursuant to the Decision on the Redetermination of the State Contribution Rate Applicable to Contributions Paid in Turkish Lira under the Individual Pension Savings and Investment System and of the Additional State Contribution Amount Provided Where the Right of Withdrawal Is Not Exercised, which was published in the Official Gazette No. 33130 dated 7 January 2026 and entered into force on 1 January 2026;

• The rate applied in the calculation of the State contribution for contributions paid in Turkish currency into an individual pension account has been determined as 20%;

• The additional State contribution amount provided in accordance with the fifth paragraph of Article Additional 2 of Law No. 4632 has been determined as five hundred Turkish Lira.

The Circular on the Individual Pension System (2026/1), published on 3 February 2026 and effective as of 1 July 2026, introduced several regulatory amendments concerning the assignment of receivables, partial withdrawals, transfers, measures relating to fund units, the exceptional acquisition of Turkish citizenship by foreign nationals, State conributions, and various other transactions within the Individual Pension System.