WHAT IS THE PENSION SYSTEM AND WHAT ARE ITS ADVANTAGES?

What is the Pension System and What is its Purpose?

The pension system, which you can choose to turn your savings into investments, is called the Individual Pension System (BES). This system, which people can have done privately, allows you to take measures to protect your living standards. In the BES, which you can join voluntarily, you can earn the retirement income provided by the social security system. This system, which you can choose to contribute to economic development, increase employment, and create long-term resources for the economy, operates in accordance with Law No. 4632 on Individual Pension Savings and Investment Systems. You can complete your membership transactions with companies such as to benefit from these services.

What is the Pension System and What are its Advantages?

You can choose the BES to earn an additional income after retiring from insurance. In this system, which is a complement to social security, you can receive your payments like a salary or in a lump sum. After making your payments with a credit card or debit card, you must not touch the money you have invested for a certain period. After completing the retirement process, you can receive your money in a lump sum or as a salary. There is also a 25% state contribution during this period. This means your invested money does not lose value. You can make your payments on specific funds. In the BES, which has many advantages, it is possible to make your investments through gold, dollars, or other funds. You can also divide your investments and evaluate them on different currencies. This system, where you can determine your retirement plan yourself, causes more and more users to ask "what is the pension system" every day. It is also possible to have administrative and expense deductions made during the investment process. The amount you will earn is low enough that you can ignore the expense deductions. By examining the Participant Information Guide of corporate companies, you can get detailed information on the subject and meet your expectations. This system, which you can choose to secure your future, allows you to be comfortable in your retirement days. You can get your return immediately after completing your payments for a certain period; there is no need to wait for the age.