Abstract:

Low savings level and non-efficient use of resources are some of the most important problems which facing on development of national economies. Individual pension system has importance in relationship between investment and voluntary savings. To this respect, as of 2011 year-end it has been analyzed efficiency of individual pension companies in Turkey with data envelopment analysis method. Inputs of model are the number of employees and total assets. Total premiums and funds is the output of model. Whereas 14 individual pension companies are used in the analysis, only 3 of these are seen efficient as constant return to scale assumption. The number of company as variable return to scale is 9. This finding is resultant of the fact that the companies operate in non-optimal scale.

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