You can easily join Katılım Emeklilik New Excellent Pension Plan with a monthly contribution of 1,455 TRY and more. You can make contribution payments monthly, quarterly, semi-annually or annually. You qualify for retirement at the age of 56 as long as you remain in the system at least for 10 years after you enter the private pension system.
The initial stage of Katılım Emeklilik New Excellent Pension Plan does not require any sign-up fee.
If you leave the system before the fifth year of the agreement, a delayed sign-up fee is charged. The amount equal to 8.5% of the monthly gross minimum wage (MGMW) to be applied in the first 6 months of the calendar year in question for each contract year is calculated; then, the amount that is not deducted as management expenditure deduction and/or suspension deduction and/or cash sign-up fee from the total amount corresponding to the period until the end of the fifth year of the contract until the date of withdrawal is deducted from the savings as a delayed sign-up fee.
In the calculation of the deduction for the uncollected years, MGMW to be applied in the first 6 months of the relevant calendar year of the date of withdrawal is not taken into consideration.
Delayed sign-up fee is not charged to those who complete their fifth year or those who withdraw due to death or disability or who use their right of pension.
Fund Expenditure Rates
| Fund Name |
Maximum Daily Fund Total Expenditure Deduction Rate (%) |
Maximum Annual Fund Total Expenditure DeductionRate (%) |
Maximum Daily Fund Operating Expenditure Deduction Rate (%) |
Maximum Annual Fund Operating Expenditure Deduction Rate (%) |
| Katılım Emeklilik Alternative Contribution Pension Investment Fund |
0,0010 |
0,365 |
0,00095 |
0,347 |
| Katılım Emeklilik Alternative Standard Pension Investment Fund |
0,0052 |
1,91 |
0,0052 |
1,88 |
| Katılım Emeklilik Alternative Flexible Pension Investment Fund |
0,0062 |
2,28 |
0,0062 |
2,25 |
| Katılım Emeklilik Alternative Gold Pension Investment Fund |
0,0029 |
1,09 |
0,0029 |
1,06 |
| Katılım Emeklilik Growth Alternative Stock Pension Investment Fund |
0,0062 |
2,28 |
0,0062 |
2,25 |
Management Expenditure
The following is collected on the basis of agreement year after the date the agreement enters into force:
- 60 TRY for the 1styear
- 0 TRY for the 2ndyear
- 0 TRY for the 3rdyear
- 0 TRY for the 4thyear
- 0 TRY for the 5thyear
The amount of deductions from the savings defined in the plan cannot exceed the annual and 5-year deduction upper limit specified in the legislation.
The amounts of deduction to be made within the agreement year will be applied in maximum rates defined in the legislation. Regarding the amount of MED from the savings;
- The first deduction from the savings is made from the savings in the first year of the agreement following the fund purchase transactions of the contribution. The amounts of deduction defined in the plan in the following years are deducted from the savings within the relevant agreement year.
- If the deductions from the savings defined in the plan cause the savings in the account to fall below 0 TRY, the part of this deduction that causes the savings to fall below this amount will not be collected. The uncollected amount is collected within that year of agreement for the deduction.
Additional Management Expenditure Deduction In Case of Suspension
The suspension deduction defined in the plan (5 TRY) is collected monthly during the suspension period of the agreement from the savings after deducting the total amount for the MED in the relevant agreement year without exceeding the annual and 5-year deduction upper limits.
Management Expenditure Deduction from the Additional Contribution
MED is not charged from the additional contribution in Katılım Emeklilik New Excellent Pension Plan.