What Is Group Pension?

What Is Group Pension?

The Group Pension Contract is a pension system that offers advantageous terms for your corporation.

By virtue of the private pension plans of AvivaSA Emeklilik ve Hayat which has a lower deduction structure in comparison with the plans available in the Private Pension System, from now on, it is much more easier for the employees of your corporation to reach their retirement dreams.

If you wish, you can include your employees to the system in an entirely corporation contribute, corporation and employee contributed or entirely employee contributed manner and you can assure their retirement dreams by means of the group pension plans of AvivaSA Emeklilik ve Hayat.


What Is Group Pension?
AKLIMA TAKILDI


What is the Vesting Period?

The vesting application is the entitlement by the employees who participate in the system in the corporate contributed manner only within the context of the determined entitlement period.

It is possible to stipulate within the scope of the employer group pension contract the entitlement period up to maximum seven years in order for the investor become entitled to the contribution amounts paid by the employer and the entire amounts of the yields of these contribution amounts.

Minimum Entitlement Rate As of End of Contract Year (%)
What Is Group Pension?
<1 1. 2. 3. 4. 5. 6. 7.
0 100  





1 0 100  




2 0 0 100  



3 0 0 0 100  


4 0 0 0 75 100  

5 0 0 0 60 80 100  
6 0 0 0 60 70 80 100  
7 0 0 0 50 60 70 80 100

* The entitlement period shall not be less than one year.

Please click for the vesting conditions.
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Transfer by the Foundations-Associations and Funds

Until 31.12.2017, the professional organizations having legal entity will be able to transfer to the private pension system their savings within the scope of the pension undertaking plans. Provided that the relevant decision shall be made by the authorized bodies of the associations, foundations, funds and the professional organizations having legal entities, the savings aimed at the pension and the relevant amounts comprising the undertakings can partly or completely be transferred to the private pension system or the annual annuity insurances without being subjected to the deductions of entrance fee or expenses. Including the real estate sales the transactions with respect to the transfers shall be exempted from all kinds of taxes, duties and fees.

Please click for the steps which are required to be followed by the foundations with regard to the PPS Integration and the relevant regulation, please click.

1st Step; Making the relevant decision by the authorized bodies of the service provider shall constitute a condition with regard to the transfer.

2nd Step; Subsequent to making of the relevant decision, the notification shall be made to the Undersecretariat of Treasury of the Republic of Turkey.

3rd Step; The electronic data set shall be sent to the Pension Monitoring Center simultaneously with the notification to be made to the Undersecretariat by the service provider.

4th Step; The Undersecretariat shall examine the information and documents which are prepared by the service provider and it shall assess the compliance of the savings with the transfer and conformity of the actuary report with the determined principles and procedures. And the relevant transfer shall be completed within maximum three months subsequent to the completion of the documents.

How Can the Transfer of Foundation in the Form of a Group be Executed?

  • The service provider shall apply to the pension company or the insurance company in written form along with the transfer information and account form and it shall send to the company the information of the persons included in the group.
  • The relevant company shall present to the service provider a retirement plan and fund distribution proposal which are appropriate for the group or it shall propose an annual annuity insurance to the service provider and it shall provide to the service provider and the members and employees the information regarding the features of the products proposed by it and the information which are required to be submitted pursuant to the private pension or the insurance legislation.
  • In the case where it accepts the proposal, the service provider shall pay the transfer amount to the relevant account number of the pension company or the insurance company.
  • The pension contract shall enter into force as of the date on which the transferred amount has passed to the accounts of the company and the annual annuity insurance shall enter into force pursuant to the relevant legislation provisions.
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Why should you prefer Avivasa?

  • You can enjoy the safety and convenience of working with the market leader which has the largest funds among all private pension companies and that provides services to more than 200 corporations.
  • You can easily execute your Group Pension application within 5 steps.
  • You can expedite your processes by virtue of the practical and speedy collection processes.
  • By means of the “Turnkey PPS” Projects, you can receive presales and aftersales support.
  • For all types of questions, you can call our Corporate Services Center at 0850 502 72 72 which is specific for the customers of the Group Pension Plan.
  • The savings of your employees are invested under the assurance of AvivaSA by the dynamic, professional and successful portfolio management teams of the leading portfolio management companies of Turkey.
  • You can benefit from the Legal Consultancy Service with respect to all kinds of legal questions.
  • You can benefit from the Corporate Internet Branch specific for your company which constitutes the first and sole example in the Corporate CRM sector and the reporting service.
  • Via our Corporate Internet Branch, you can execute transactions on a 7/24 basis.
  • In order to benefit from the Corporate Specific Project Consultancy Service, you can reach the e-mail address of kurumsalprojeler@avivasa.com.tr via e-mail.
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Tax Advantage

Corporate Tax

The contribution amounts which are paid to the private pension system on behalf of the wage earners by the employers can be taken into consideration as direct expense with regard to the determination of the commercial profit.

The amount which can be taken into consideration as direct expense shall not exceed 15% of the gross wage generated by the employee in the relevant payment month and the annual minimum gross wage.

State Contribution

This is the amount paid by the state to the pension account of the participant amounting to 25% of the contribution paid by the participant. An amount corresponding to twenty five percent of the contributions paid to the personal pension account on behalf of the participant are subjected to state contribution, except for the contributions paid by the employer. The total amount of contributions and additional contribution amount and initial capital serving as basis for the calculation of state contribution amount and paid in one year for one participant, shall not exceed the total amount corresponding to the calculation period of the gross minimum wage applicable on the end date of the calculation period.

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Automatic Participation

  • By virtue of the Automatic Participation system which will be implemented as from 01.01.2017, each employee in the private sector and public sector shall participate in the Private Pension System.
  • Pursuant to the Automatic Participation system, the employees shall be obliged to transfer the wage of the employee to the relevant pension company at the latest on the business day following the wage payment of the employee.
  • You can examine our Automatic Participation page with respect to the issues you wonder regarding the Automatic Participation.
  • AvivaSA shall stand by you on a 7/24 basis along with its team which is formed by it with respect to transition into Automatic Participation implementation in order to facilitate the transition period of the corporations.

In order to include your company to Automatic Participation, you may receive proposals just within a few minutes by entering your company and communication details via the Receive Proposal application and thereby participate in the system.

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