The State Contribution in the Private Pension System Has Been Reduced

With Presidential Decree No. 10811 (the "Decree"), published in the Official Gazette dated January 7, 2026 and numbered 33130, amendments have been introduced to the relevant provisions of the Individual Pension Savings and Investment System Law No. 4632 dated March 28, 2001. Through these amendments, changes have been made to the rate of the state contribution applicable to contribution payments made in Turkish currency within the individual pension savings and investment system and the amount of the additional state contribution granted in cases where the right of withdrawal is not exercised. The relevant Decree includes the following provisions:

"Pursuant to the first paragraph of Additional Article 1 of Law No. 4632, the rate applied in the state contribution account for contribution payments deposited into individual pension accounts on behalf of participants—excluding those paid by employers—has been determined as twenty percent (20%) for contribution payments made in Turkish currency."

"Pursuant to the fifth paragraph of Additional Article 2 of Law No. 4632, the amount of the additional state contribution has been determined as five hundred Turkish Lira."

Accordingly, in line with the Decree, the rate applied in the state contribution account for contribution payments deposited into individual pension accounts on behalf of participants, which was previously applied as 30% for payments made in Turkish lira, has been reduced to 20%.

In addition, the amount of the one-off additional state contribution granted to employees who do not exercise their right of withdrawal, provided that the required conditions are met, has been set at TRY 500.00.

This Decree entered into force on the date of its publication and shall apply as of January 1, 2026.

You can access the relevant Presidential Decision here. (In Turkish)