The minimum amount to be transferred has been reduced from 12 times the monthly gross minimum wage to 4 times. Within 3 years following the transfer date, exit from the system will not be allowed, except in cases of death or disability. In case of a possible early exit, the determination of the interest in the total amount transferred and the withholding deduction on this interest have been eliminated. Now, the entire transferred amount will be considered as principal. This means that the withholding tax to be paid in retirement for people who will retire soon is considerably reduced.
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