The government's contribution to BES has been reduced from 30% to 20%.

Let's look at the pros and cons:

+ The burden on the government budget decreases
+ Those who contribute the maximum are already high-income earners; it somewhat prevents the super-rich from getting even richer

- Negative impact on low-income individuals; what should have happened is a reduction in the maximum limit
- The system's attractiveness decreases, total savings may decline

By the way, the biggest problem with BES is this:
We cannot decide how the government's contribution will be evaluated.
It is held in direct TL-based instruments and loses its real value over the years.

An example from my own 12-year BES:
•My contribution: 300 units
•Investment return on my contribution: 4000 units
•Government contribution + its return: 250 units ( if I had chosen, this amount would also be 1000 units minimum )

There is an individual retirement system everywhere in the world, especially in Europe.
Because national retirement systems are no longer sustainable.

For example, in Switzerland, there are 3 pillars:
1️⃣ State retirement (has started to fall short over the years)
2️⃣ Employer retirement (has also started to fall short)
3️⃣ Individual retirement