Page 24 - Turkinsurance Digital Magazine

22 pension outlook

Monthly contributions paid by Top 5 cities with highest rate of
participants according to their ages participation
(USD)

İzmir 16%
50.19
45.85
38.03 Ankara 17%
30.56
26.92
Antalya 18%

İstanbul 19%

25 yaş altı 25-34 yaş 35-44 yaş 45-55 yaş 56 yaş ve Muğla 21%
üzeri

2.8 percent are bank personnel, 2.7 percent are doctors/pharma- Excluding the state subsidy funds, 34.7% of participants preferred
cists, 2.6 percent are students, 2.4 percent are technicians, and 2.3 to invest in flexible funds at the end of 2017. 21.5% preferred gov-
percent are engineers. The remaining 6.6 percent are occupied in ernment bonds and bills funds (TL), 11% preferred liquid funds,
other professions. 10.7% preferred government bonds and bills funds (FX), 9.8%
preferred standard funds, 7.5% preferred stock funds, and 4.8%
Muğla has the highest participation rate preferred precious metals funds. According to the report, 39% per-
Highest number of BES participants, and therefore, highest cent of contracts valid at the end of 2017 invested in 2 funds, while
amount of fund size are in the Marmara Region; followed by 22.7% of them invested in 3 funds, 20.1% invested in 4 funds and
Central Anatolia, Aegean Region, Mediterranean Region, Black 11.6% percent invested in 5 and higher number of funds.
Sea Region, Southeastern Anatolia, and Eastern Anatolia, re-
spectively. Demographic map of OKS is being shaped
2017 year-end results indicated that OKS had 3.4 million certifi-
Top five cities with the highest participation rate are Muğla with cates and a fund size of 295.2 million USD. 54.1% of all certifi-
21%, İstanbul with 19%, Antalya with 18%, Ankara with 17%, cates that have joined OKS until the end of 2017 were terminated
and İzmir with 16%. At the end of 2017, top three cities with by exercising the right of withdrawal within the grace period, 3.1%
highest growth rate in number of participants were Hakkari with were opt outs, 1.5% were merging of certificates and 1% were
10.1% of growth, Kırşehir with 9.9%, and Kilis with 9.7%. due to leaving work. 18 percent of public officers preferred inter-
est-bearing funds for their continuing certificates, while 82% of

Distribution of BES particants by gender Ditrubution of auto-enrollment participants

by gender

34%
41%

59%
66%

Kadın
Male
Erkek Kadın Erkek Male
Female Female