Page 27 - BES2016_ING

Individual Pension System 2016 Progress Report

Distribution of Contracts according to Vesting Years

[6,7) years Immediate Vesting As of 2016 year-end, noncontributory group contracts
19.6% 6.1% in force are analyzed according to their vesting years
(waiting period for deserving the total amount of
[5,6) years [0,1) year contributions paid by sponsor companies and their
0.2% 16.0% revenue). For the participants who have been included in
the noncontributory group contracts before 01.01.2013,
[4,5) years [1,2) years vesting years and rates determined by legislation available
22.6% 2.4% before this date continue to apply.

G.32 [3,4) years [2,3) years
4.1% 29.1%

Distribution of Contracts according to Payment Period

Monthly Quarterly Distribution of contracts in force as of 2016 year-end are
7,413,739 82,352 analyzed according to “Payment Period”.
95.2% 1.1%

G.33 Semiannual
34,057
0.4%

Annual
259,283
3.3%

Opt Outs in the Establishment Year

Number of Contracts Opted Out in the Same Calender Year Termination Ratio in the Same Calender Year

200 10

180 9

160 8

Number (Thousand) 140 7

120 6 Ratio (%)

100 5

80 4

60 3

40 2

20 1

00

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

G.34 Individual and group individual contracts that entered the system with a new contract establishment and opted out
voluntarily in the same calendar year are analyzed, according to contracts’ establishment year. From 01.01.2013
according to the current legislation, participants have the right of withdrawal within sixty days after they signed
or approved the proposal. Terminations include withdrawal of contracts in the grace period after the enforcement.

25 Individual Pension System Data