The Individual Pension System (BES) in Turkey proudly celebrates its 21st anniversary, marking a significant achievement in the country’s economic landscape. Launched on October 27, 2003, BES has grown to encompass approximately 17 million participants and boasts a fund size nearing 1.2 trillion Turkish Lira, bolstered by a 30% government subsidy. This remarkable growth highlights the system’s vital role in promoting personal savings and financial security for the future. As BES continues to evolve, it sets its sights on even greater milestones in the years to come.
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