BES Fund Reaches 2.4 Trillion Lira

The total size of the BES and OKS funds reached 2 trillion 401 billion 481.7 million lira. The BES, which started on October 27, 2003, and is approaching its 23rd year, aims to prevent individuals' welfare levels from decreasing during their retirement periods and also contributes to the country's economy with the funds it creates by increasing the long-term savings rate in the country. The increase in the total number of participants in the BES fund was 116,979, and the increase rate was 0.7%. The number of participants in the OKS fund reached 7 million 747 thousand 928. The total size of the OKS fund reached 153 billion 229 million lira.

BES and OKS Fund Sizes Exceeded 2.4 Trillion Lira - The number of participants in BES reached 10 million 304 thousand 546.

■The number of participants in OKS reached 7 million 747 thousand 928.

■The number of people who retired from BES reached 487 thousand 118.

■The total size of the OKS fund reached 153 billion 229 million lira.

Increase in the Number of Participants and Fund Size in the Under 18 Application - The fund size of under 18 participants reached 100 billion 713.9 million lira.

■The fund size created by the participants was 80 billion 611.5 million lira.

■The state contribution fund amount was 20 billion 102.4 million lira.

■There are 1 million 718 thousand 943 children in the system, and the highest participation rate was 170 thousand 105 at the age of 0.

Expert Analysis > The increase in the fund size of BES and OKS participants contributes to the increase in the long-term savings rate in Turkey. This situation can increase confidence in the economy and investments. However, it should not be forgotten that other factors in the economy can also affect this process.