Page 47 - BES2016_ING

Individual Pension System 2016 Progress Report

Contributions and Net Returns of Retired Participants (TL)

Total Contributions Paid Net Amount Return from the System

2,000

1,800

1,600

Amount (TL Million) 1,400

1,200

1,000

800

600

400

200

0

Before 2016 2016

Year of Retirement

G.71 Contributions and net amount of return of participants, who have opted out from the system as retired as of 2016 year-
end, are analyzed. Of the participants who are qualified for retirement, 25,422 retired before 2016 and 16,668 retired
in 2016 and took all their fund amount. Contributions either transferred from outside systems or paid in the individual
pension sytem total to TL 2,249 million, have reached TL 3,093 million after income witholding tax. Analysis does not
include data of participants who transferred of accumulations in provident funds to the individual pension system to take
programmed withdrawal and then opted out from the system before 36 months and participants who are taking their
fund amount as programmed withdrawal.

Retired Participants according to Retirement Payment Intervals

Total Amount Paid to Retired (TL) Number of Retired Participants

1,500 15,000

1,250 12,500

Amount (TL Million) 1,000 10,000 Number

750 7,500

500 5,000

250 2,500

0 [25,50) [50,75) [75,100) [100,250) 0
[0,25) [250,5,500]

Retirement Payment Intervals (TL Thousand)

G.72 Distribution of retired as of 2016 year-end according to the “Amount Paid to Retired”. Retired participants include
participants, who transferred of accumulations in provident funds to the individual pension system to take programmed
withdrawal, who used retirement right but preferred to stay in the system after retirement and took programmed
withdrawal together with the participants who opted out the system as retired and took lump sum payment. [0,25) TL
thousand payment interval includes participants who preferred to take programmed withdrawal but do not take income
yet.

45 Individual Pension System Data