Albany, NY -- (SBWIRE) -- 12/11/2014 -- 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

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Executive 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

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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.

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