The total size of the fund in BES has exceeded 357 billion lire – Last Minute Economy News

The Pensions Monitoring Center (EGM) publishes statistical veri on the Personal Pension System (BES) in two separate titles, “BES Statistics” and “OKS Statistics”, after the introduction of the Automatic Enrollment System (OKS).

With the aim of ensuring that people’s level of well-being does not decline during the retirement period, while contributing to the national economy with the funds it creates by increasing the level of long-term savings in the country, BES completed its 19 Year starting October 27, 2003 in Turkey.

NUMBER OF BOARD BY BES REACHED 192 THOUSAND 155

According to information gathered from the EGM veri, kakım of October 14, the number of participants in the system was 7 million 663 thousand 996.

In the aforementioned period, the amount of the participants’ fund was TL 289 billion 768 million, while the amount of the state contribution fund was TL 41 billion 305.3 million.

Thus, the total size of the participant funds and the state contribution fund amounted to 331 billion and 73.3 million TL. As of October 14, the number of BES retirees reached 192,000 155.

TL 85 BILLION OF SAVINGS ARE IN INTEREST-FREE FUNDS

While TL 219 billion 889.1 million of the funds participating in the PPS are invested in interest-free funds, TL 69 billion 878.9 million in interest-free funds, TL 36 billion of the amount of the contribution fund is in interest-free funds and TL 4 billion 342.2 million is in interest-free funds.

The total size of the fund amount of OKS participants and the amount of the fund of state contributions reached 26 billion 841.2 million lire.

Of the 25 billion and 509.3 million lire of the fund accumulated by 6 million 656 thousand 17 employees in OKS, 9 billion and 903.8 million lire are in interest funds, 15 billion and 525.5 million lire are in funds without interest, while ITL 1 billion 331.9 million in OKS TL 492.4 million of the amount of the fund for state contributions is in interest-free funds and TL 839.5 million is in interest-free funds.

Thus, it is seen that 229 billion TL 792.9 million of participating funds BES and OKS are invested in interest-free funds and 85 billion and 404.4 million TL in interest-free funds.

THE INCREASE IN THE TOTAL SIZE OF THE FUND EXCEEDED 113.6 BILLION TL

At the end of 2021, the number of participants in the PPS was 7 million 92 thousand 20 and the amount of the fund of participants was 205 billion 573.4 million lire.

The amount of the fund for state contributions was TL 22 billion 238 million and the number of retirees was 167 thousand 275.

Looking at OKS in the aforementioned period, the amount of funds accumulated by the employees was 15 billion and 740.2 million lire, and the state contribution was 735 million and 476 thousand lire. At the end of 2021, the overall size of the Private Pension System was 244 billion 287.1 billion.

Thus, in the period between the end of 2021 and October 14, the amount of the participating funds increased by 84 billion and 194.6 million lire, while the amount of the funds from state contributions increased by 12 billion and 170 , 5 million lire in the aforementioned period. In the same period, the amount of funds accumulated by the participants in the OKS increased by 9 billion 769.1 million lire and the amount of funds from state contributions increased by 596 million 424 thousand lire.

If we take into account the fund amount of the participants in the PPS and OKS and the amounts of the state contribution fund, zihin increase of 113 billion and 627.4 million TL in the total size of the fund has been observed since the end of 2021 to October 14, 2022. In the same period, 24,880 people joined the ranks of retirees.

By the way, considering the total amount of the fund of the participants in the PPS and the total amount of the state contribution fund of 331 billion 73.3 million TL and the total size of the fund of 26 billion 841.2 million TL together with the state contribution in OKS, the total system size is 357 million TL kakım of October 14th. it reached 914.5 million lire.

On the other hand, the total number of BES and OKS participants reached 14 million 320 thousand 13.