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Pension for foreigners in Turkey.

Pension for foreigners in Turkey.

January 30, 2023

Many foreigners who have moved to Turkey are interested, among other things, whether they will be able to receive a pension here. Let's figure out what conditions need to be met to make this possible.
First of all, we note that both Turkish citizens and foreigners retire on absolutely equal terms. What matters is the number of days that a person has worked at an official place of work, where the employer made regular contributions to the Pension Fund and Insurance Fund (SGK) for him, and, of course, his age. For those who started their career after 2008, the work experience should be at least 7,200 days for employees and 9,000 days for self-employed. The retirement age is 58 for women and 60 for men. If these conditions are met, the pensioner is assigned a monthly payment, in addition, he will have a lifetime free medical insurance.
If, upon reaching retirement age, a person has not managed to accumulate a sufficient number of days, he has the right to pay extra for the missing days. On average, you will have to deposit about $ 5 for 1 working day.
Those who are not officially employed can consider the Biryesel Emeklik Sigortasi individual retirement savings program. In this case, the person himself makes deductions to an individual account, from which he will be paid a pension in the future.
It should be noted that Turkey has an agreement on state social security with 35 countries. For citizens of some of these countries, it is possible to count their work experience in their country, as well as other privileges related, for example, to medical care. List of countries with an agreement with Turkey: England, Germany, Holland, Belgium, Austria, Switzerland, France, Denmark, Sweden, Libya, Northern Cyprus, Norway, Macedonia, Canada, Azerbaijan, Albania, Romania, Georgia, Bosnia and Herzegovina, Quebec, Czech Republic, Croatia, Luxembourg, Slovakia, Italy, Serbia, Montenegro, Korea, Hungary, Tunisia, Kyrgyzstan, Moldova, Poland, Mongolia, Iran.
At the time of writing, the minimum pension in Turkey is 5,500 Turkish lira.

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