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74 Individual Pension System 2009 Progress Report

REALIZATIONS IN 2009, SECTORAL EXPECTATIONS FOR 2010

4.1 Realizations in 2009

The consolidated expectations, gathered from pension actual figures are presented in the following table.
companies about the 2009 year-end, and the corresponding

Consolidated Targets and Realizations of Pension Companies for 2009

Number of Contracts Pessimistic Most Probable Optimistic Realizations at
the end of 2009

Number of New Contracts to be Established within the Year 562,901 646,838 745,600 644,019

Number of Contracts in Force at the Year-end 2,103,852 2,261,383 2,439,425 2,203,886

Number of Participants

Number of New Participants with New Contracts within the Year 507,309 591,505 686,873 542,046

Total Number of Participants at the Year-end 1,910,079 2,052,199 2,218,341 1,987,940

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

Number of Employee’s Groups 6,577 7,041 7,567 1,158

Number of Noncontributory Groups 1,449 1,567 1,681 1,565

Number of Contracts in Employee’s Groups 385,757 419,837 451,246 414,066

Number of Contracts in Noncontributory Groups 73,618 82,245 91,923 72,554

Number of Participants in Group Pension Contracts 379,527 408,796 453,215 401,923

Total Amount of Contributions

Net Contributions from Sponsors in Noncontributory Contracts within the Year (TL) 63,642,891 75,083,090 88,537,792 23,449,145

Net Contributions from Individual Participants within the Year (TL) 900,948,977 1,042,312,589 1,237,340,641 944,763,036

Net Cumulative Amount of Contributions at the Year-end (TL) 6,859,350,461 7,703,492,666 8,518,973,780 7,102,007,561

Total Amount to be Invested (Total Amount at the Year-end) (TL) 6,577,503,927 7,367,708,358 8,154,578,138 6,869,992,691

Total Amount of Funds

Net Cumulative Amount of Funds at the Year-end (TL) 7,782,088,073 8,874,950,683 9,964,640,130 9,097,436,467

Transfers from Provident Funds*

Expected Number of Provident Fund Participants to Transfer within the Year 7,900 13,300 21,700 -

Expected Amount of Accumulations to be Transferred (TL) 46,500,000 87,300,000 156,100,000 276,576

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

Number of Contracts to be Transferred within the Year 111,324 121,606 132,638 76,500

Amount of Transfers within the Year (TL) 612,061,901 676,858,690 746,449,825 547,602,008

Withdrawals** (Total Amount at the Year End)

Expected Number of Participants to Withdraw 831,137 902,268 977,450 859,374

Expected Amount of Accumulations to be Withdrawn (TL) 2,321,953,299 2,586,437,103 2,865,052,987 2,658,285,672

Intermediaries

Number of Intermediaries to be Newly Employed within the Year 3,204 3,939 4,714 5,786

Number of Intermediaries to Quit within the Year 1,639 1,871 2,119 3,766

Total Number of Intermediaries at the Year-end 15,300 15,803 16,330 15,666

* These include transfer of funds from associations, foundations, provident funds and other organizations with retirement provisions.
** Withdrawals due to involuntary reasons are not included.