Recommendations For Effective Private Pension System

Especially for the developing countries, the importance of the individual pension system is great. A variety of incentive mechanisms are used to effectively operate individual retirement, which is seen as a remedy for the low saving rate in these countries. It would not be an easy process to place such a system of savings in developing countries experiencing crisis experiences and having less confidence in the country's economy. Sufficient information about the system needs to be made clearly in terms of possible returns and losses for the system. In this study, our country was given an assessment of what to do to reach the desired level of the individual pension syste