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Social Security System

In: The Political and Economic History of North Cyprus

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  • Tufan Ekici

    (William Paterson University)

Abstract

Social security and the retirement laws in a country are indicators for how nations are treating their citizens. Although social security and retirement laws have been generous in northern Cyprus, they were economically inefficient and unsustainable. How successive governments in northern Cyprus have ignored parliamentary statutes and pushed the social security system to the brink of bankruptcy is described. This chapter introduces the key amendments in related statutes, provides some essential data regarding the number of contributors and beneficiaries from the system and signals the underlying financial vulnerability of the entire social security system.

Suggested Citation

  • Tufan Ekici, 2019. "Social Security System," Palgrave Studies in Economic History, in: The Political and Economic History of North Cyprus, chapter 6, pages 151-170, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-13479-2_6
    DOI: 10.1007/978-3-030-13479-2_6
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