Voluntary Participation (IPS) Auto Enrollment System (AES) Funds Legislation Data Center

Deduction Controls and Refunds Applicable Beginning January 1, 2021

Contract Effective Date

July 1, 2014

Contract Expiration Date

July 1, 2022

Contract Year

7

Pension Mutual Fund Total Accumulation Amount (TL)

33,475

State Contribution Total Accumulation Amount (TL)

2,750

Maximum allowed total deduction (entrance fee, administrative expense fees and fund expense fee total) from the contract effective date (TL) (7th year, 70% of the amount in the state contirbution account)

1,925

Total deduction (entrance fee, administrative expense fees and fund expense fee total) made from the contract effective date (TL)

2,255

Total Deduction Amount to Refund (TL)

330