Pronunciation: [ˈɔ͡ɪak] (IPA) 
The word "OYAK" is a Turkish word that means "parents". Its spelling is comparatively easy to decipher through IPA phonetic transcription. First, "O" makes a short "o" sound. Then, "Y" makes a sound like "y" in "yet". Lastly, "A" makes a long "a" sound, and "K" makes a hard "k" sound. Therefore, the correct pronunciation of "OYAK" is [ˈojak]. This word is frequently used in Turkish culture while addressing or referring to parents.
OYAK is a Turkish acronym that stands for "Ordu Yardımlaşma Kurumu", which can be translated to English as "Army Mutual Aid Institution" or "Army Assistance and Solidarity Organization". OYAK is a unique organization that operates as a social security system for the members of the Turkish Armed Forces and their families.
Established in 1961, OYAK works as a non-profit organization, providing various welfare and financial services to its members. It functions as a pension fund, offering retirement benefits for military personnel. OYAK also manages investments and operates companies in different sectors such as automotive, cement, energy, and finance, aiming to generate income to support its members.
Furthermore, OYAK offers health insurance and medical services through its healthcare institutions, including hospitals and clinics. It provides educational support and scholarships for the children of its members, promoting educational opportunities.
The organization's main objective is to ensure the well-being, social security, and solidarity among the members of the Turkish Armed Forces community. OYAK has a significant role in supporting the social and economic welfare of military personnel and their dependents. It is governed by a board of directors, composed of active and retired military officers, and operates under the supervision of the Turkish Armed Forces General Staff.
Overall, OYAK plays a vital role in providing financial support, welfare services, and social solidarity for its members, contributing to the overall welfare and security of the military community in Turkey.
