The Individual Retirement Savings System (BES) in Turkey proudly celebrates its 21st anniversary, marking a significant milestone in the nation’s economic landscape. Launched with the approval of the first retirement plans on October 27, 2003, BES has grown remarkably, currently comprising 17 million participants and amassing a fund size nearing 1.2 trillion Turkish Lira. With the substantial backing of a 30% government subsidy, BES has become one of the most noteworthy achievements in Turkey’s economic history. The focus now shifts towards ambitious goals as the system continues to evolve and expand for many more years.
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