Individual Pension System, BES Calculation
BES Calculation is one of the questions that individuals who want to be part of the Individual Pension System wonder about. In the Individual Pension System, you are entitled to retirement when you reach the age of 56, provided that you stay in the system for 10 years. If you are wondering how much pension you will receive when you retire, you can easily find out the estimated income amount and your eligibility for the State Contribution from the internet pages.
BES Calculation
You can use the ‘Individual Pension Planning Tool’ on our Fiba Emeklilik online pages to calculate how much you will receive in your retirement. According to the Fiba Emeklilik system, every employee earns the right to retire by regularly depositing a portion of their monthly income into the bank. Thus, they become part of the Individual Pension System, or BES. Individuals can join this system automatically or voluntarily. Thanks to the individual pension system, employees can retire in their old age when they need money the most by setting aside a certain amount from their monthly salaries. Any person who wishes is entitled to retire by staying in the system for the specified period.
How is Individual Pension Calculated?
Individual pension calculation is a topic that every employee who wants to enter the BES system is curious about. According to BES, the earnings of employees to be taken as a basis for the premium are 3% (twice the amount or 1% lower at the employee's request), and this share is automatically deducted from the employee's salary. The fixed limit for the contribution share is determined by the Council of Ministers. The minimum deduction in BES is 53 lira, and the maximum is 340 lira.
