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It is an automatically initiated savings system to secure your retirement. If you are a public or private sector employee under the age of 45, you will be automatically included in this savings system. With the amendment published in the Official Gazette dated 20 January 2022, if you are over the age of 45, you also can be included in the Automatic Participation system upon request.
In the system, 3% of your income basis to contribution or your wage basis to pension option is automatically transferred from your wage account to your Automatic Participation agreement every month. Your savings gain value with an initial special 1,000 TL contribution, 30% state contribution, and an additional 5% of your savings in case of retirement.
How much will you earn in retirement if you start Automatic Participation now?
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