The total size of the fund in BES was 433.4 billion lire.

Considering the total amount of the fund of the participants in the Individual Pension System (BES) and the total amount of the fund of 400 billion 74 million TL, and the total size of the fund of 33 thousand 330.2 million TL together with the state contribution in OKS, the total size of the system will be in 2022. reached 433 thousand 404.2 million lira.

The PPS was put into operation, whose objective is to guarantee that the level of well-being of people does not decrease during their retirement period, and also contribute to the national economy with the funds it generates by increasing the level of long-term savings in the country. in Turkey on October 27, 2003.

The Pension Monitoring Center (EGM) publishes the statistical data on BES under two separate headings, “BES Statistics” and “OKS Statistics”, following the introduction of automatic participation.

NUMBER OF RETIRED BES 197 thousand 997

According to the information compiled by the AA correspondent from the EGM data, the number of participants in the system at the end of 2022 was 7,801,305.

In the said period, the amount of the participants’ fund reached TL 351.406 billion, while the state contribution fund amount was TL 48.668 billion.

Thus, the total size of the fund amount of the participants and the state contribution fund amounted to TL 400 billion 74 million.

At the end of 2022, the number of people who withdrew from the BES reached 197,997.

100 BILLION TL SAVINGS IN INTEREST FUNDS

While TL 271 billion 72.4 million of PPS participants’ funds are invested in interest-free funds, TL 80 billion 334.1 million in interest-free funds, TL 43 billion 572.4 million of contribution fund are invested in interest-free funds and TL 5 billion 95.2 million in interest-free funds. .

The total size of the fund amount of the OKS participants and the amount of the state contribution fund reached 33 thousand 330.2 million TL.

Of the fund amount of 31 billion 787.6 million lira accumulated by 6 million 719 thousand 441 employees in OKS, 12 billion 565.8 million lira are in interest funds, 19 billion 221.8 million lira are in interest-free funds and 1 billion 542.6 million lira in OKS TL 574.8 million of the amount of the state contribution fund is in interest-free funds and TL 967.8 million in interest-free funds.

It is noted that TL 283 billion 638.2 million of BES and OKS participant funds are invested in interest-free funds and TL 99 billion 555.9 million in interest-free funds.

INCREASE IN THE TOTAL SIZE OF THE FUND

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

The amount of the state contribution fund was TL 22,238 million, and the number of retirees was 167,275.

Looking at OKS in the said period, the amount of funds accumulated by employees was 15,740.2 million lira, and the state contribution was 735,476,000 lira. At the end of 2021, the total size of the Private Pension System was 244 thousand 287.1.

In the intervening year, the amount of BES participant funds increased by 145,833.1 million lira, while the amount of the state contribution fund increased by 26,429.6 million lira in said period.

In the same period, the amount of funds accumulated by OKS participants increased by 16.474 million lira, and the amount of state contribution funds increased by 946.176 million lira.

Taking into account the amount of the fund of the participants in BES and OKS, and the amounts of the state contribution fund, an increase of TL 189 billion 256.3 million was observed in the total size of the fund in 2022. In the same period, 30,722 people joined the ranks of retirees.

The total size of the system will reach 433 billion 404.2 million TL in 2022 when the total amount of the fund of the PPS participants and the amount of the state contribution fund of 400 billion 74 million TL and the total size of the fund of TL 33 billion 330.2 million together with the state contribution in OKS is taken into account.

The total number of BES and OKS participants was 14 million 520 thousand 747. (BRITISH AUTOMOBILE CLUB)