What's Individual Pension System (BES)?

BES is a private pension system that has been founded in order to ensure a comfortable retirement for individuals, as a complementary to the existent public social security systems in order to ensure them to meet their additional expenditures.

In this scope, the system aims to encourage individuals to saving, to keep these savings under guarantee in a transparent manner and to manage these savings with most proper methods in accordance with individuals' preferences.

When retirement is deserved, the system enables these savings to be paid:

• As salary,
• As lump sum,
• Both as salary and lump sum.

Briefly, Individual Pension System is a system that,

• Aims to provide an additional income for individuals when they get old or when they come to the end of their active work lives,
• Assures everyone to receive income proportional to their own savings,
• Is carried out by private companies under the supervision and audit of the public,
• Is based upon voluntary participation,
• Is complementary to the public social security systems.