Finance

Total fund size in BES exceeded 433 billion liras

In the Individual Pension System (BES), 400 billion 74 million TL, which is the total size of the fund price and state contribution fund amount of the participants, and 33 billion 330.2 million TL, which is the total fund size, together with the state contribution in OKS…

Aiming to ensure that the welfare level of individuals does not decrease during their retirement periods, and contributing to the national economy with the funds it creates by increasing the level of long-term savings in the country, BES is taking firm steps forward to complete its 20th year, having been activated in Turkey on October 27, 2003.

Pension Supervision Center (EGM), after the introduction of automatic participation in the statistical data of BES, two other headings as “BES statistics” and “OKS statistics” underis publishing.

The number of pensioners from BES reached 197 thousand 997

According to the information compiled from the EGM information, the number of participants in the system was 7 million 801 thousand 305 with the prestige of the end of 2022.

In the said period, the fund price of the participants reached 351 billion 406 million liras, while the state contribution fund price was 48 billion 668 million liras. Thus, the total size of the fund price of the participants and the state contribution fund amount became 400 billion 74 million TL.

With the prestige of the end of 2022, the number of people who retired from PPS reached 197 thousand 997.

While 271 billion 72.4 million TL of the BES participant fund price is invested in interest-free funds, 80 billion 334.1 million TL in interest-free funds, 43 billion 572.4 million TL of the state contribution fund amount is in interest-free funds and 5 billion 95.2 million TL in interest-free funds. .

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

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

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

The increase in the total fund size is 189 billion TL

At the end of 2021, the number of participants in the BES was recorded as 7 million 92 thousand 20, and the fund amount of the participants was recorded as 205 billion 573.4 million liras.

The state contribution fund price was 22 billion 238 million lira, and the number of retirees was 167 thousand 275.

Looking at OKS in the said period, the amount of funds accumulated by the employees was 15 billion 740.2 million liras, and the state contribution was 735 million 476 thousand liras. With the prestige of the end of 2021, the total size of the Personal Pension System was 244 billion 287.1.

In the intervening year, the amount of participant funds in BES increased by 145 billion 833.1 million liras, while the amount of state contribution funds increased by 26 billion 429.6 million liras during the period in question. In the same period, the fund price accumulated by OKS participants increased by 16 billion 47.4 million liras, and the state contribution fund price increased by 946 million 176 thousand liras.

Total number of participants is 14 million 520 thousand

Considering the fund amount of the participants in BES and OKS, and the state contribution fund prices, an increase of 189 billion 256.3 million TL was observed in the total fund size in 2022. In the same period, 30 thousand 722 people joined the middle of retirees.

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

The total number of BES and OKS participants was 14 million 520 thousand 747.