Since the 1990s, the welfare regime in Turkey has
become more market-oriented. The introduction of the Individual
Pension System (IPS), a privately managed defined
contribution scheme, is part of this process. This paper uses an
autoregressive stochastic model in order to show the total effect
of specific disadvantages, such as a shorter working life, less
earnings, longer life expectancy, real wage growth, administrative
cost and risk aversion, on the retirement benefits of women
in Turkey. Using an actuarial model, the article aims to contribute
to the literature by investigating the gender gap in the
Turkish defined contribution scheme.