Page 96 - BES2016_ING

Individual Pension System 2016 Progress Report

3.1 Realizations in 2016

Consolidated Targets and Realizations of Pension Companies for 2016

Pessimistic Most Optimistic Realizations
Probable at the end of

2016

Number of Contracts 1,840,566 2,028,624 2,209,430 1,835,126
Number of New Contracts to be Established within the Year

Number of Contracts in Force at the Year-End 7,900,872 8,325,425 8,754,962 7,789,431

Number of Participants

Number of New Participants within the Year 1,615,787 1,766,482 1,916,158 1,564,532

Total Number of Participants at the Year-End 6,876,139 7,258,330 7,637,897 6,627,025

Number of Groups and Group Pension Contracts (Total Numbers at the Year-end)

Number of Employee’s Groups 31,873 34,354 36,793 20,527

Number of Noncontributory Groups 73,753 81,463 89,166 24,753
Number of Contracts in Employee’s Groups 1,610,910 1,747,977 1,887,842 1,549,775
Number of Contracts in Noncontributory Groups
Number of Participants in Group Pension Contracts 484,559 526,207 570,114 513,172
Total Amount of Contributions 1,945,514 2,114,245 2,274,750 1,675,600

Net Contributions from Sponsors in Noncontributory Contracts within the Year (TL) 98,069,409 110,912,715 123,305,621 92,868,193

Net Contributions from Individual Participants within the Year (TL) 508,172,947 556,034,379 599,793,778 469,895,435

Net Cumulative Amount of Contributions at the Year-End (TL) 3,190,548,314 3,512,893,984 3,791,662,684 3,085,109,854

Total Amount to be Invested (Total Amount at the Year-End) (TL) 9,603,450,348 10,485,775,686 11,311,134,311 10,410,847,793
2016 Net Contribution Amount 10,290,636,322 11,177,540,102 11,983,078,212 7,267,265,384
(Net Yearly Collection Amount to be Reached by the Year-End) (TL)
Total Amount of Funds 51,557,111,976 54,775,983,402 57,921,511,680 53,409,391,715
Net Cumulative Amount of Contributions at the Year-End (TL) 6,654,565,826 7,104,397,476 7,550,572,111 7,438,179,620
Net Cumulative Amount of State Contribution at the Year-End (TL)
Transfers from Provident Funds(1) 6,320 9,375 14,930 873
Expected Number of Provident Fund Participants to Transfer within the Year 180,700,000 206,500,000 267,200,000 20,747,485
Expected Amount of Accumulations to be Transferred (TL)

Transfer of Pension Accounts Among Pension Companies (Total Amount at the Year-End)(2)

Number of Contracts to be Transferred 343,604 361,309 379,783 226,859
Amount of Transfers (TL) (Including State Contribution Funds)
4,187,179,487 4,426,343,860 4,689,590,640 3,295,452,064

Withdrawals (Total Amount at the Year-End) 4,323,845 4,484,554 4,646,663 4,624,197
Expected Number of Contracts to Withdraw
Expected Amount of Accumulations to be Withdrawn (TL) 24,906,185,481 26,141,905,836 27,379,252,749 23,970,155,781
(Including State Contribution Funds)
Retirement (Total Amount at the Year-End)(3) 39,344 41,916 45,753 44,350
Expected Number of Participants to Retire
Expected Amount of Accumulations related to Retired Participants (TL) 2,530,906,728 2,722,240,337 3,018,988,240 3,645,522,860
(Including State Contribution Funds that have entitled)
Intermediaries 7,837 9,001 10,406 9,660
Number of Intermediaries to be Newly Employed within the Year 2,766 3,138 3,651 5,584
Number of Intermediaries to Quit within the Year 31,803 33,852 39,680
36,016
Total Number of Intermediaries at the Year-End
2,500,432,330 2,721,132,604 2,961,282,387 2,981,761,530
State Contribution
Total Amount of the State Contribution Paid to IPS Accounts of Participants 6,052,672 6,412,110 6,773,156 6,121,557
during the Year (TL)
Number of Unique Participants Receiving State Contribution to be Reached
by the Year-End (Cumulative)

(1) These include funds from associations, foundations, provident funds and other organizations with retirement provisions
(2) The merged contracts in different companies as well as the contracts transferred to another company are included
(3) Retirement includes the programmed withdrawals, as well as the lump-sum payments

Realizations in 2016, Sectoral Expectations for 2017 94