If the contract is terminated on the sixth or later year of the contract, the amount of allowed deduction (entrance fee, administrative expense fee and fund expense fee total) from the contract effective date shall not exceed the following ratio of the amount that is in the state contribution account within the scope of the contract for the sixth and later years of the contract.
This control shall not be performed for the contracts in which the total accumulation amount exceeds the annual gross minimum wage as of the control date and for the contracts that involve irregular payments.
Contract Year | Maximum Ratio |
---|---|
6 | 60% |
7 | 70% |
8 | 80% |
9 | 90% |
10 and more | 100% |
Contract Effective Date |
July 1, 2014 |
Contract Expiration Date |
April 1, 2022 |
Contract Year |
7 |
Pension Mutual Fund Total Accumulation Amount (TL) |
33,475 |
State Contribution Total Accumulation Amount (TL) |
2,750 |
Maximum allowed total deduction (entrance fee, administrative expense fees and fund expense fee total) from the contract effective date (TL) (7th year, 70%) |
1,925 |
Total deduction (entrance fee, administrative expense fees and fund expense fee total) made from the contract effective date (TL) |
2,255 |
Total Deduction Amount to Refund (TL) |
330 |