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Employee Benefits in Turkey

  • December 2014
  • -
  • Timetric
  • -
  • 60 pages

Synopsis
The report provides in-depth industry analysis, information and insights into employee benefits in Turkey, including:

- An overview of state and compulsory benefits in Turkey

- Detailed information about private benefits in Turkey

- Insights into various central institutions responsible for the administration of the different branches of social security

- The regulatory framework for employee benefits in Turkey

Summary
The Turkish social security system is largely similar to 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, on becoming eligible, according to contributions made. From 1990, a number of financial problems arose in the Turkish social security system due to 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 with respect to employee rights and obligations. Social security reform was introduced in 2008 to address these issues.

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 benefits, long-term disability benefits, short-term sickness, medical benefits, workmen’s compensation, maternity and paternity benefits, family benefits, minimum resources and unemployment

- 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 Turkey

- Assess the Turkish employee benefits market, including state and compulsory benefits and private benefits

- Gain insights into the key employee benefit schemes offered by private employers in Turkey

- Gain insights into key organizations governing Turkish employee benefits, and their impact on companies

Key Highlights
- The Turkish social security system is largely similar to the Continental model, with employee contributions made according to their insurance and payroll status.

- The Turkish social security system consists of a set of state and compulsory benefits that protect workers against risks related to death, long-term disability, short-term sickness, and unemployment, accidents in the workplace, occupational diseases and healthcare.

- Capital redemption insurance, training and development, educational and housing assistance, and recreational activities are examples of private benefits granted in Turkey.

Table Of Contents

Employee Benefits in Turkey
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
6.1.1 Introduction
6.1.2 Types of retirement plan
6.1.3 Eligibility
6.1.4 Age
6.1.5 Pensionable salary
6.1.6 Benefits
6.1.7 Payment options
6.1.8 Typical employer practice
6.1.9 Employee and employer contributions
6.1.10 Taxation
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Typical employer practice
6.2.6 Employee and employer contributions
6.2.7 Taxation
6.3 Long-term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment options
6.3.5 Typical employer practice
6.3.6 Employee and employer contributions
6.3.7 Taxation
6.4 Short-term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Employee and employer contributions
6.4.6 Taxation
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Typical employer practice
6.5.6 Employee and employer contributions
6.6 Workmen's Compensation Insurance
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment options
6.6.5 Employee and employer contributions
6.6.6 Taxation
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment options
6.7.5 Employee and employer contributions
6.7.6 Taxation
6.8 Family Benefits
6.8.1 Introduction
6.8.2 Eligibility
6.8.3 Benefits
6.9 Minimum Resources
6.9.1 Introduction
6.9.2 Eligibility
6.9.3 Benefits
6.9.4 Payment options
6.9.5 Employee and employer contributions
6.9.6 Taxation
6.1 Unemployment
6.10.1 Introduction
6.10.2 Eligibility
6.10.3 Benefits
6.10.4 Payment Options
6.10.5 Employee and employer contributions
6.10.6 Taxation
7 Private Benefits
7.1 Retirement Benefits
7.2 Death Benefits
7.3 Disability Benefits
7.4 Medical and Health Benefits
7.5 Other Benefits
8 Macroeconomic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US$)
8.1.2 GDP per capita at constant prices (US$)
8.1.3 GDP at current prices (US$)
8.1.4 GDP per capita at current prices (US$)
8.1.5 GDP by key sectors
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-TRY
8.1.8 Unemployment rate
8.1.9 Household consumption expenditure
8.1.10 Gross national disposable income
8.2 Demographics
8.2.1 Labor force
8.2.2 Total population
8.2.3 Urban and rural populations
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Definitions
Table 2: Turkey - Country Statistics
Table 3: Turkey - Contributions by Employers and Employees, 2014
Table 4: Turkey - Minimum and Maximum Contribution, 2014
Table 5: Turkey - Contribution by State Employer and Civil Servants, 2014
Table 6: Unemployment - Duration of benefits

List of Figures
Figure 1: Major Organizations of Turkish Social Security System
Figure 2: Turkish GDP at Constant Prices (US$ Billion), 2008-2012
Figure 3: Turkish GDP Per Capita at Constant Prices (US$), 2008-2012
Figure 4: Turkish GDP at Current Prices (US$ Billion), 2008-2012
Figure 5: Turkish GDP Per Capita at Current Prices (US$), 2008-2012
Figure 6: Turkish GDP by Key Segments (%), 2008 and 2012
Figure 7: Turkish Inflation Rate (%), 2008-2012
Figure 8: Turkish Annual Average Exchange Rate US$-TRY, 2008-2012
Figure 9: Turkish Unemployment Rate (%), 2008-2012
Figure 10: Turkish Household Consumption Expenditure (US$ Billion), 2008-2012
Figure 11: Turkish Gross National Disposable Income (US$ Billion), 2007-2011
Figure 12: Turkish Size of Labor Force (Million), 2008-2012
Figure 13: Turkish Total Population (Million), 2008-2012
Figure 14: Turkish Urban and Rural Populations (%), 2008-2012

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