BES is based upon voluntary participation. Participants, if they wish, enter the system by depositing a certain contribution amount and by signing the pension contract drawn up regarding their own needs.

Participants deserve retirement when they reach the age of 56, after having paid a monthly contribution for at least ten years.

Within this period, their contributions are invested in pension funds and in various pension plans.

When the participant deserves retirement, he/she can receive his savings back as monthly, 3 monthly, 6 monthly or yearly salary, as lump sum or partly as salary and partly as lump sum.

Rights of Participants

Individual Pension System brings benefits both to individuals and to corporations.

Individually, everybody caring about the future of his/her own and of those around him/her, and demanding an additional guarantee, can benefit from this system.

As for corporations, the ones paying attention to human resources policies, aiming to increase the motivation and therefore the performance of the qualified human power will find many advantages for themselves, including but not limited to tax advantages.

• The participant deserves retirement when he/she reaches the age of 56, after having been in the system for at least ten years,.
• The participant has the right to change the plans and distribution of funds chosen in the same company, four times a year.
• The participant may shift between different plans of the same company.
• The participant may transfer his/her savings to another company (At least one year after the last transfer).
• The participant may suspend paying contribution .
• The participant has the right to leave the system before the retirement date. In case of the participant’s death, all his/her savings are paid to the beneficiary, if not to the legal heirs thereof.
• The participant may track his/her savings transparently.
• The participant, after deserving retirement, may receive his savings as;
  • Lump sum,
  • Monthly, 3 monthly, 6 monthly or yearly salary,
  • artly as lump sum and partly as salary.