their takeup rate should also be increased as currently planned by the government for the coming years the beps are individual retirement accounts that target those working in the informal sector with irregular wages or with wages below the minimum wage and those who have not contributed enough to the contributory regime to be entitled to a pension that by law must be at least equal to the minimum wage the government s top up rate on individuals voluntary contributions to the beps would be the beps specifically targets lowincome households only those in the three lower socioeconomic strata the socalled sisben to can be covered by the beps