86.2 billion Turkish Liras of the money cut from the employee for the Private Pension Scheme (BES) was invested in interest-bearing funds and a great resource was provided for the return of the interest wheel.
Even though heavy criticism of interest has been made from time to time by the most competent mouths of the state, there is not much change in practice. The total size of the funds accumulated in the Private Pension Scheme (BES) reached 115 billion 818 million TL. While the number of retired people from BES exceeds 109,000; It was announced that 86.2 billion lira of the BES and OKS participant funds were evaluated with interest and 14.4 billion lira with non-interest funds.
EMPLOYER'S MONEY IS COVERED WITH INTERESTS!
83 billion 488 million TL of the participant fund amount of BES interest funds, 9 billion 769 million TL are evaluated in interest-free funds, the state contribution of the amount of funds 13 billion 977 million TL interest, 1 billion 114 million TL are in interest-free funds. The amount of 7 billion 471 million TL accumulated by the employees in the Automatic Participation System (OKS) is in the funds with interest of 2 billion 765 million TL and 4 billion 706 million TL with interest-free funds. Thus, 86 billion 253 million lira interest of BES and OKS participant funds, 14 billion 475 million lira interest-free funds are evaluated.
The Private Pension Scheme (BES) started its operations on October 27, 2003 and completed its 16th year this year. Considering the total amount of funds and state contribution of the participants in the PPS, 108.3 billion liras, and 7.5 billion liras accumulated by automatic participation, the total size of the system was 115 billion 818 million liras.
The Pension Monitoring Center (EGM) publishes statistical data related to under two headings as BES statistics and OKS statistics ardından following the automatic participation.
FEED FUNDS ARE NON-INTERESTED!
83 billion 488 million liras of the participant fund amount of BES interest funds, 9 billion 769 million liras are evaluated in interest-free funds, the state contribution of the amount of funds 13 billion 977 million liras interest, 1 billion 114 million liras are in interest-free funds.
The amount of 7 billion 471 million TL accumulated by the employees in the Automatic Participation System (OKS) is in the funds with interest of 2 billion 765 million TL and 4 billion 706 million TL with interest-free funds. Thus, 86 billion 253 million lira interest of BES and OKS participant funds, 14 billion 475 million lira interest-free funds are evaluated.
116 BILLION LIRA IN 16 YEARS
The Private Pension Scheme (BES) started its operations on October 27, 2003 and completed its 16th year this year. Considering the total amount of funds and state contribution of the participants in the BES, 108.3 billion liras , and 7.5 billion liras accumulated by automatic participation, the total size of the system was 115 billion 818 million liras.