Page 14 - BES2016_ING

Individual Pension System 2016 Progress Report

Distribution of Payments

Total Amount of Entrance Fee Until the end of 2016, TL 43,733,162,043 has
Contributions (Paid at Entrance) been invested after deduction of TL 630,793,547
Invested for administrative expenses fee from TL
TL 43,733,162,043 TL 308,686,959 44,363,955,590, the total amount collected from
97.9% 0.7% contracts in force.

G.6 G.5 Administrative Apart from contributions, an amount of TL
Expenses Fee 308,686,959 was paid as entrance fee for
TL 630,793,547 contracts in force.

1.4%

Distribution of Contracts in Force and Terminated

Contracts Transferred to Contributions Transferred to
Another Pension Another Pension
In Force Terminated Company In Force Terminated Company
7,789,431 5,254,367 413,642 5,341,781,553
40% 3% 44,363,955,590 30,994,812,033
60% 7%
Merged 59% 41%
Contracts Merged
171,471 Contracts
1% 2,344,908,435

Terminated 3%
with Other
Reasons* Terminated
4,669,254 with Other
36% Reasons*
23,308,122,046
31%

All contracts written as of 2016 year-end are classified The total contribution of TL 75,358,767,623 for all the
as in force and terminated. The ratio of terminated contracts written as of 2016 year-end is analyzed in
contracts to the written contracts is 40.3%. 4.5 of terms of enforcement.
this ratio is “Transfer of Pension Account to Another
Pension Company” and “Consolidation of Contracts”, 1.1 *Terminated with other reasons indicates retirement, death, disability,
is “Cancellation by Company”, 0.5 is other involuntary cancellation by company and voluntarily opt outs.
reasons (retirement, death, disability).

Individual Pension System Data 12