Private Pension, it is as special as your future plans...

Your future is now under our security with the Private Pension Plan we designed to enable you to live also your retirement days at least as special and privileged as today!

While you make savings already for your retirement through the Private Pension Plan, we also contribute to your pension account for you. We are always at your service to make you enjoy your retirement days from today.  

Benefits of the “Private Pension Plan”

Individual Pension System is a long-term investment instrument. The participants are required to make regular contributions during a period of at least 10 years and complete the age of 56 in order to become fully eligible for the benefits of the System.

The rate of deduction for Administrative Expenses Fee is 0%.

The amount of entrance fee is limited to 75% of the monthly gross minimum wage prevailing on the signature date of the proposal form.

Additional advantages offered by the Plan:

With the “Additional Benefit of Additional Contribution”, your savings grow faster…

As you save, we also invest into your pension contract through additional contribution. Your additional contribution amount to be calculated over your total savings shall be credited to your individual pension account by BNP Paribas Cardif Pension Company as 1% at the end of the first three years including the end of the year that your contract was issued, and as 0,5% at the end of the fourth and fifth years.

You become entitled to benefit from the assistant services that will make your life easier and provide support to you in all areas of your life without any charge...

As part of the plan, you can also benefit from the Legal Aid Information Line, Fiscal Consultancy Information Line, Medical Aid Information Line, Education Consultancy, Discounted Car Rental Organization Services, Short-Distance Passenger Transport and Transfer Services, Social and Cultural Advisory, Travel Consultancy, Concierge Services, Information Line and Professional Estate Services Organization services free of charge. 

Under the Private 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 Private Pension Plan is offered through BNPP Cardif Pension Company.

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
• 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.