What is the Pension Monitoring Center?
To ensure safe and effective functioning of the Private Pension System and to secure the rights and interests of the participants, the operations of the companies are subject to daily oversight and audit of the Treasury Department.
The Pension Monitoring Center is authorized for this function. The pension companies must perform real-time monitoring for all transactions on a participant basis through relational database management systems, keep the information open for retrospective electronic querying by the participants and the Treasury Department and submit the standardized database records to the Pension Monitoring Center as of the end of the day.
Yes. If you are not happy with the pension plan you have chosen and the return generated through the pension investment funds, you may change your pension company whenever you wish after your 1 year is up with the pension company which you have entered into an agreement or 1 year after your last change of company.
What is Takasbank?