Calculate Your Monthly Contribution: The Pension Monitoring Center (EGM)

Calculate the monthly contribution required for your targeted accumulation

You can calculate the monthly contribution you need to pay to reach your targeted amount of accumulations when you retire from BES.

Accumulation Calculation Contribution Calculation

The age you will commence accumulating in IPS.

Your current age. Anyone over 18 can join the individual pension system. Accumulating early will have a positive impact on your pension income.

Age You Wish To Retire In IPS

The age at which you will begin to receive your accumulations. You will be entitled to retire with tax incentives when you stay in the system for 10 years and turn 56. However, you do not have to retire at the age of 56. You can extend the accumulation period by increasing the retirement age.

Target Amount of Accumulations (TRY)

Amount of accumulation you aim to have when you retire.

Annual Real Return (%)

The annual real rate of return that your investments will receive. From the beginning of the system until the end of 2017, an average of 3.30 percent net real (over-inflation) return was achieved through IPS funds. The annual net real income rate given above is calculated by reducing the fund management fee deduction (FIGK) rate in the annual real return.

Remarks

1. The accumulation amount may vary according to the funding preferences you receive during the first retirement period and return on investment. In the calculation of the accumulations, it is assumed that the participant will make regular monthly contribution payments in an inflation-free environment until the pension period. The values in the accumulation chart contain TRY amounts measured by current purchasing power in an inflation-free environment. After deducting the management fee made on the contribution at the rate specified in the plan, the remaining amount is transferred to the investment with the possible real rate of return. Entrance fee deduction is not factored into the calculations since it is collected independently of the contribution. The same net real return rates found after the deduction of the management fee of the returns of pension mutual funds and state contribution funds are used. The sum of the state contribution for the last three months is assumed to be transferred to the account after the retirement of the participant is added to the sum of ‘Cumulative State Contribution (TRY)’ by assuming it shall be paid to the participant without linking remuneration as soon as it is transferred.
2. The annuity rate given above is calculated by reducing the fund management fee deduction (FIGK) rate in the annual real return.
3. If your annuity policy does not include an arrangement with the heirs and beneficiaries, your salary is not subject to be paid if you die within the expected life from the moment you start to receive a pension. If your annuity policy includes regulations for your legal heirs or beneficiaries, capital return is paid to your legal heirs or beneficiaries for the remaining period of your death. You should contact your company for details.
4. The TRHA 2010 mortality table (For Women/Men) was used in the life expectancy calculation. In accordance with the selected values in the additional parameters section, the Technical Interest Rate and the Charging Rate are both assumed to be 1 percent.
5. Monetary amounts have been calculated at current prices (real).
6. The amounts obtained as a result of the calculations made here are estimates and there is no guarantee that these amounts will be realized.