State contribution in the Private Pension System increased from 10 percent to 30 percent

In the Private Pension System (BES), the stock market share of funds in the state contribution portfolio was increased from 10 percent to 30 percent. The rate of investment in government bonds, which was 70 percent, was reduced to 50 percent.

The 'Regulation on the Amendment of the Regulation on State Contribution in the Private Pension System' prepared by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) was published in today's issue of the Official Gazette. Accordingly; In the Private Pension System, the share weight in the state solid portfolio was increased, while the rate of investment in government bonds was reduced. The different decision of the government contributions on the limitations of portfolio investments is as follows:

The obligation to use 70 percent of state contributions paid in cash in Turkish lira denominated debt instruments, income partnership securities or lease certificates was decreased to 50 percent.

While a minimum of 10 percent of the portfolio can be evaluated in the shares in the participation indices calculated by BIST 100, BIST Sustainability Index, BIST Corporate Governance Index and Borsa İstanbul AŞ, this rate has been increased to 30 percent.

The limit for investing in a single stock from the fund's portfolio was increased from 1 percent to 5 percent, while the provisional clause added the requirement that funds comply with portfolio limitations within 10 days.