Page 28 - BES2016_ING

Individual Pension System 2016 Progress Report

Distribution of Participants and Participants’ Fund Amount
according to Income Levels (%)

Participants Accumulations

10GMW < Income Income ? GMW 10GMW < Income Income ? GMW
10.3% 0.5% 24.9% 0.6%

6GMW < Income ? 10GMW GMW < Income ? 2GMW 6GMW < Income ? 10GMW GMW < Income ? 2GMW
13.6% 33.7% 13.3% 19.6%

3GMW < Income ? GMW 3GMW < Income ? 6GMW 2GMW < Income ? 3GMW
6.7% 11.1% 30.5%

2GMW < Income ? 3GMW
35.2%

G.35 Distribution of participants of contracts in force according Distribution of participants’ fund amount as of 2016 year-
to their “Level of Income” as of 2016 year-end. Analysis end according to “Participants Level of Income”. Analysis
includes data of 21.1% of the participants whose income includes participants’ fund amount data of 26.7% of the
data are available. participants whose income data are available. “Income”
indicates the “Net Income” declared by the participant at
“Income” indicates the “Net Income” declared by the the signing of the contract. When only the participants’
participant at the signing of the contract. fund amount of the contracts which came into force in
2016 are analyzed, it is observed that participants with
monthly income 10 times over monthly gross minimum
wage, owned 34.5% of total fund amount.

GMW = Monthly Gross Minimum Wage

Participants Entrance Age to the System

Male Female

37.0

36.5

First Entrance Age to IPS 36.0

35.5

35.0

34.5

34.0

33.5

33.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
2004 First Entrance Year to IPS

G.36 Participants initial entrance age to sytem have been analyzed in accordance to their gender and the year of their
entrance. General age average of first entrance to the system is 35.2. Only the first entry age of the participants who
have more than one entry, considered in the study.

Individual Pension System Data 26