Legislative Changes to the IPS
|Social security reforms work realizes under the coordination of the Undersecretariat of the Treasury via projects with international organizations such as the World Bank and the ILO with participation from relevant institutions and close collaboration with TÜSİAD. As a result of these efforts, recommendation package was presented to the government on reform of the social security (SSI, Bağ-Kur [Social Security Organization for Artisans and Self-Employed], Pension Fund) system, foundation of the compulsory second-phase individual pension system, the voluntary third-phase individual pension system, and the national social welfare and services system. Social insurance reform realized by the government through the enactment of Law No. 4447. Work began for the implementation of the voluntary third-phase individual pension system.