Prefer “Plus Pension Plan” to realize your dreams you fantasized for your retirement days throughout your working life and protect your life standards.

For our customers who appreciate the value of savings; start benefiting now from the advantages of Plus Pension Plan as your savings increase and the advantages of the State Contribution.

Features of the Plan

Entrance Fee Charging Principles:

In the Individual Pension System, the entrance fee is charged only once on the contracts and its limits are set forth by the Individual Pension Regulation. In the Plus Pension Plan, a portion of this amount is collected either upfront or in installments in the first year and the remaining balance is postponed.

In the Plus Pension Plan, the amount of entrance fee is up to 75% of the monthly gross minimum wage prevailing on the signature date of the proposal form. The upfront portion of entrance fee is 10% of the monthly gross minimum wage prevailing on the signature date or approval date of the proposal form and collected upfront or in installments in the first year, and the remaining portion is postponed. The balance decreases gradually depending on your period of stay in our company. This amount is not collected if the contract is in active status for 10-years or becomes entitled to retirement.  

Under the Plus Pension Plan, four fund composites suitable for different investor profiles are offered. Depending on any change in your risk perception, you may also change your fund allocation rates as you wish six times a year.

• Protective

The main objective of the composite is to protect the investments against time, inflation and unexpected economic fluctuations. By means of the prescribed allocation, the participants assume risk as less as possible, and their portfolios include mainly fixed-income securities, repo and deposit; but at the same time, they are also diversified with the flexible funds included in the composite with an aim to gain stable income in the long-term. It is suitable for the investors who may tolerate smaller losses in the portfolio. 

• Balanced

The main objective of the composite is suitable for the investors who aim to gain income above the inflation by taking risk at a certain level to enhance the long-term performance and may also tolerate partial losses and short-term fluctuations in the market. By means of the prescribed allocation, the participants invest in flexible funds at a higher rate and assume medium-level risk based on a conservative recommendation. Their portfolios include mainly fixed-income securities, repo and deposit but at the same time they are diversified with stocks included in the flexible funds in the composite with an aim to gain stable income in the long-term.

• Entrepreneur

The main objective of the composite is suitable for an investor profile who aims to gain real income above the inflation, may take the risk of their savings to lose value in the short-term by concentrating on a medium-long term period, and who may include high-risk financial investment instruments to a certain extend in its portfolio. Whilst fixed-income government debt instruments are also included in the composite to balance the risk, the participants also invest in stocks through the Flexible and Stock pension funds. The fund composite is positively affected in the periods of a sound macroeconomic environment; however it is adversely affected in uncertain political situations.

• Aggressive 

The main objective of the composite is suitable for the investors who aim to gain real income above the inflation, wish to benefit from the earnings of stock intense composite formed by concentrating on a long-term period, and who may tolerate short-term market fluctuations and potential high losses. The composite’s performance is affected positively from the higher trends that may be experienced in the exchange in the periods of a sound macroeconomic environment where the growth rate of the country economy increases and real interest rates fall; however any type of uncertain economic and political situation affects the composite’s performance negatively.

*TEB is an authorized agent of BNPP Cardif Pension Company and Plus Pension Plan is offered through BNPP Cardif Pension Company.

• Administrative Expenses Fee

Pursuant to the Individual Pension Regulation, an administrative expenses fee can be charged on the contribution amounts deposited by the participants to cover certain expenses related to the services offered to the participants, notifications made to the relevant institutions, etc. As per the legal regulations, this rate can be maximum 2%. In the Plus Pension Plan, the rate of deduction for the Administrative Expenses Fee is 2%. This rate becomes zero when the sum of regular contribution amounts and additional contribution amounts you have deposited reach 25.000 TL.

• Additional Administrative Expenses Fee Resulting From Taking a Contributions Holiday   

Payment of regular contributions is essential for you to achieve the savings you targeted for your retirement days. However you may also take a break from paying contributions within the term of your pension contract. Under the Plus Pension Plan and to encourage the participants to make regular savings; if no payment is made to the account within three months after the payment date of the contribution amount failed to be paid in its due date, then a contributions holiday shall be deemed to have been taken for the relevant contract, and during the period of the contributions holiday, an additional administrative expenses fee of 2 Turkish Liras shall be charged on the savings of the participant for each full month subject to the contributions holiday.

On the other hand, in case of any break from paying contributions more than a year, the fixed charges paid by the company to the Pension Monitoring Center in relation to the individual pension account shall be deducted from the savings of the participant in his/her individual pension account, provided that it is declared in the pension plan.

• Funds offered under the Plan and Total Fund Expenses Fee

Total fund expenses fee being deducted from the fund included in this plan are given in the table below on fund basis.

Funds offered under the Plan:

• Income-Oriented Government Debt Instruments Pension Investment Fund
• Standard Pension Investment Fund
• Flexible Pension Investment Fund
• Growth-Oriented Flexible Pension Investment Fund
• Growth-Oriented Stock Pension Investment Fund
• Gold Pension Investment Fund
• Income-Oriented Primary Government External Debt Instruments Pension Investment Fund
• Income-Oriented Secondary Government External Debt Instruments Pension Investment Fund
• Money Market Primary Liquid Growth-Oriented Flexible Pension Investment Fund
• Contribution Pension Investment Fund *

*Contribution Pension Investment Fund is the fund wherein the State Contribution amounts are invested and it cannot be used in the participant’s fund allocation ratios.