The Pension Fund System in Turkey and Sweden

Abstract

Pension Funds are handy systems in every country because the life quality of older adults should be maintained in the right conditions. Retirees who have worked for years deserve to have a good quality of life during their retirement. Every country has its unique pension scheme and pension fund that taxes current workers in order to be able to pay retired people’s salaries. However, pension schemes are not perfect anywhere in the world. Some countries have a better system than others. That is why two countries (Turkey and Sweden) will be compared with each other in terms of their respective pension schemes. Firstly, each country’s pension scheme will be examined individually, and then they will be compared based on their positive and negative sides. This research paper aims to find an excellent example of a pension scheme or the best combination between countries.