Page 19 - BES2016_ING

Individual Pension System 2016 Progress Report

Termination Ratio of Contracts according to the Month of Enforcement

80 Termination Ratio Number of Contracts 240
210
70 180 Number of Contracts Entered System
150 (Thousand)
Termination Ratio (%) 60 120
90
50 60
30
40 0

30

20

10

0 30.10.2003
29.02.2004
30.06.2004
30.10.2004
28.02.2005
30.06.2005
30.10.2005
28.02.2006
30.06.2006
30.10.2006
28.02.2007
30.06.2007
30.10.2007
29.02.2008
30.06.2008
30.10.2008
28.02.2009
30.06.2009
30.10.2009
28.02.2010
30.06.2010
30.10.2010
28.02.2011
30.06.2011
30.10.2011
29.02.2012
30.06.2012
30.10.2012
28.02.2013
30.06.2013
30.10.2013
28.02.2014
30.06.2014
30.10.2014
28.02.2015
30.06.2015
30.10.2015
29.02.2016
30.06.2016
30.10.2016

31.12.2016

G.15 Entrance Month

Number of contracts entered in the system in the specified month with a new contract establishment and the ratio of
voluntary opt outs as of 2016 year-end. For example; As of the end of 2016, 56% of the approximately 53 thousand
contracts, which entered into force in September 2008, ended at the request of the participants.
As of 01.01.2013, a significant increase has occurred in the name of the contract which entered into force, with the
contribution amount paid by the participants starting to be paid at the rate of maximum 25% of the State Contribution.

Distribution of Contracts Opted Out Voluntarily
according to their Age at Termination

Number of Contracts (Thousand) 125
120
115 6 12 18 24 30 36 42 48 54 60 66 72 78 84 90 96 102 108 114 120 126 132 138 144 150 156
110 Age of Contracts at Termination (Months)
105
100
95
90
85
80
75
70
65
60
55
50
45
40
35
30
25
20
15
10

5
00

G.16 Distribution of contracts entered the system with a new contract establishment and opted out voluntarily, according to
their age at termination, as of 2016 year-end. Age of the contract shows the number of exact months from the date
of in force until termination.

17 Individual Pension System Data