How Is Group Pension Plan Created?

The numbers of the funds and the ratios opted within the scope of group pension plan may be determined by yourselves within the framework of legal provisions.

Groups are classified in 4 types, such as;

• Employer-contribution only:The employer pays 100% of the contribution amount.
• Employer-mediation only: Only the participants pay the contributions. The role of the employer is mediation between participants and the pension firm.
• Employer-contribution and employer-mediation: Both the employer and the participants pay within particular proportions.
• Employee-contribution only: Only the participants pay.