Page 16 - BES2016_ING

Individual Pension System 2016 Progress Report

Distribution of Terminated Contracts according to Termination Reason

Opt Outs Transfer of Pension Account Distribution of 5,254,367 terminated contracts
4,458,285 out of 13,043,798 that were written until the end
84.85% to Another Pension Company of 2016, according to “Termination Reasons”.
413,642
G.10 G.9 7.87% The termination ratio of voluntarily opt outs of
contracts entered the system with new contract
Merging of Contracts establishment is 34.2%. Contracts of retired
171,471 participants, who preferred to stay in the system
3.26% and took programmed withdrawals, are not
shown on the graph, because they were still in
Cancellation by Company force.
145,851
2.78%

Death/ Disability
22,595
0.43%

Retirement
42,523
0.81%

New Contract Establishment in 2016 according to Contracts’ Types

Individual Group İndividual Contracts entered the system in 2016 with
Contracts Contracts a new contract establishment analyzed,
1,323,258 311,063 according to contracts’ types.
17.7%
75.3% The ratio of individual pension contracts
Noncontributory was 71.6%, group individual contracts was
Group Contracts 21.4% and noncontributory group contracts
was 7.0% on average to the whole contracts
124,076 entered the system with a new contract
7.1% establishment as of 2015 year-end.

Individual Pension System Data 14