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Individual Pension System 2016 Progress Report

The first section of the following table, “Consolidated Targets of Pension Companies’’, contains the sum of pension companies’ targets
regarding different quantities in the individual pension system.

Consolidated Targets of Pension Companies

Pessimistic Most Optimistic
Probable

Number of Contracts

Number of New Contracts to be Established within the Year 1,192,180 1,302,093 1,413,558

Number of Contracts in Force at the Year-End 7,800,751 8,031,971 8,403,821

Number of Participants

Number of New Participants within the Year 1,032,084 1,130,476 1,219,174

Total Number of Participants at the Year-End 6,702,230 6,908,387 7,218,620

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

Number of Employee’s Groups 27,660 35,279 43,224

Number of Noncontributory Groups 24,840 33,088 41,477
Number of Contracts in Employee’s Groups 1,604,629 1,676,040 1,778,819
Number of Contracts in Noncontributory Groups
Number of Participants in Group Pension Contracts 560,656 596,756 633,113
1,788,030 1,869,920 1,980,608

Total Amount of Contributions

Net Contributions from Sponsors in Noncontributory Contracts within the Year (TL) 83,329,650 94,158,442 103,487,580

Net Contributions from Individual Participants within the Year (TL) 520,857,058 569,136,683 611,730,909

Net Cumulative Amount of Contributions at the Year-End (TL) 2,984,834,934 3,290,621,668 3,569,308,530

Total Amount to be Invested (Total Amount at the Year-End) (TL) 12,681,187,718 13,930,867,967 15,173,209,396
9,930,380,563 10,692,796,772 11,470,750,464
2017 Net Contribution Amount
(Net Yearly Collection Amount to be Reached by the Year-End) (TL)

Total Amount of Funds

Net Cumulative Amount of Contributions at the Year-End (TL) 58,713,963,050 62,143,316,578 65,622,189,074

Net Cumulative Amount of State Contribution at the Year-End (TL) 8,770,664,008 9,538,427,787 10,092,564,476

Transfers from Provident Funds(1)

Expected Number of Provident Fund Participants to Transfer within the Year 9,084 10,703 11,822
Expected Amount of Accumulations to be Transferred (TL) 243,453,029 290,266,346 322,079,663

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

Number of Contracts to be Transferred 367,844 387,773 406,206

Amount of Transfers (TL) (Including State Contribution Funds) 5,556,697,235 5,827,284,330 6,065,957,975
Withdrawals (Total Amount at the Year-End)
Expected Number of Contracts to Withdraw 3,589,175 3,815,232 4,030,512
Expected Amount of Accumulations to be Withdrawn (TL)
(Including State Contribution Funds) 23,486,329,619 25,018,294,406 26,543,109,203
Retirement (Total Amount at the Year-End)(3)
Expected Number of Participants to Retire 48,457 52,054 55,552
Expected Amount of Accumulations related to Retired Participants (TL)
(Including State Contribution Funds that have entitled) 3,431,705,505 3,667,784,410 3,897,091,513
Intermediaries
Number of Intermediaries to be Newly Employed within the Year 6,417 7,203 7,922
Number of Intermediaries to Quit within the Year 2,283 2,747 3,187
32,281 33,847 35,380
Total Number of Intermediaries at the Year-End
State Contribution 2,813,244,633 3,063,460,388 3,320,145,682
Total Amount of the State Contribution Paid to IPS Accounts of Participants
during the Year (TL) 5,961,733 7,547,318 7,888,022
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 96