Page 30 - Turkinsurance Digital Magazine

28 pension outlook

Distribution of BES participants by age

2017/8
2018/8

396.578 370.773 1.949.788 1.866.981 2.323.183 2.360.527 1.571.869 1.689.158 583.328 683.552

Younger than 25 Between 25 and 34 Between 35 and 44 Between 45 and 55 Older than 55

report by Pension Monitoring Center, 44 percent of the partici- Contributions paid by participants increase as the age increases
pants are female and 56 percent are male participants. Average As of 2016 year-end, statistics on monthly contribution amount
age of the participants is 39.4 and weighted average age based based on age groups indicate that as the age of participants in-
on total fund size stands at 45.5. crease, they pay higher amount of contributions. Participants
younger than 25 pay 23.1 USD on average, participants between
As of August 2018, we see that 370 thousand 773 participants 25 and 34 pay 25.4 USD, participants between 35 and 44 pay
are younger than 25, 1 million 866 thousand 981 participants 31.6 USD as monthly contributions. This amount increases up
are in the age group between 25 and 34. Number of participants to 38.5 percent in participants between 45 and 55, and to 44.6
who are between 35 and 44 years-old is 1 million 689 thousand USD in participants older than 55.
158, while there are 683 thousand 552 participants who are old-
er than 55. Majority of the participants in BES are in the age Dominance of self-employed and housewives in the system
segment of 35 to 44, followed by the 25-34 age segment, 45-55 continues to increase
segment, and older than 55 segment, respectively. Participants
younger than 25 get the smallest share in this ranking, having BES participants work in different areas and occupations. 26
decreased from 396 thousand 578 in 2016 year-end to 370 thou- percent of total number of participants are self-employed, 16.6
sand 773 in August 2018. percent are housewives, 15.6 percent are workers, 9.5 percent
are officers, and 7 percent are teachers. SSI (Social Security
Distribution of BES participants by Distribution of fund size by the
geographic regions occupation of participants

4,1% 2,9%
5,6% Self-employed
Marmara 6,0%
8,0% 6,6% 26,1% Others
Central Anatolia Housewife
41,2% 8,2% Worker
12,2% Aegean
Officer
The Mediterranean Doctor/Pharmacist
9,3%
15,4% The Black Sea 22,0% Engineer
Retiree (SSI)
16,1%
Southeastern Anatolia
16,3%
Eastern Anatolia