## Turkey: Selected Issues

_IMF Staff Country Reports, February 3, 2017_

## Source details

**Canonical URL:** [Turkey: Selected Issues](https://www.imf.org/en/publications/cr/issues/2017/02/03/turkey-selected-issues-44615)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/02/03/turkey-selected-issues-44615/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/02/03/turkey-selected-issues-44615/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/02/03/turkey-selected-issues-44615/bundle-manifest.json)

## Bibliographic details
- Published: February 3, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475574289.002

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### Summary and purpose
- Examines the new private pension automatic enrollment provisions in Turkey.
- Compares the newly enacted automatic enrollment provisions to the current voluntary private pension system.
- Highlights advantages of automatic enrollment and identifies weaknesses that risk endangering the reform in the long term.

### Key findings
- The newly enacted automatic enrollment provisions have several advantages relative to the current voluntary private pension system.
- The hybrid input-output model for the reform is incomplete without:
  - The establishment of a public procurement board.
  - Periodic auctioning of pension services.
- Employers are unlikely to be more skilled than individuals in choosing pension plans for their workers.

### Risks and weaknesses
- Several weaknesses in the design of the automatic enrollment provisions could endanger the reform in the long term.
- The absence of a procurement board and periodic auctions undermines the completeness of the hybrid input-output model.

### IMF staff recommendations
- Complete the hybrid input-output model along the lines recommended by the World Bank by:
  - Establishing a procurement board for pension services for undecided participants.
  - Introducing periodic auctioning of pension services to complement the procurement board.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1733.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1733.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/02/03/turkey-selected-issues-44615_