Bireysel Emeklilik Katılımcılarının Sistemden Erken Çıkma Riskinin Değerlendirilmesi

Abstract

Early withdrawals are one of the main problems for the private pension companies in both developed and emerging countries. The problem is particularly significant for Turkey which has new and developing private pension sector. Currently about one-third of plan participants withdraw their savings. The aim of this study is to identify personal variables of participants who withdraw their retirement accounts before eligible for retirement by using the database of the biggest pension company of Turkey. Using both logistic regression and survival analysis some demographic and socio-economic factors (the gender, the ratio of actual contributions to committed contributions of the costumers, the marital status, the number of kids, value of monthly contributions and the age of customers) were found significant to identify participants who may quit the system earlier.