UAPF basic indices as of February 01, 2021
As of February 1, 2021, pension accumulations in the amount of KZT 13.1 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. For a year, i.e. from 02/01/2020 to 02/01/2021, the amount increased by KZT 2.2 trillion or by 21%.
The main amount of pension accumulations was formed at the expense of compulsory pension contributions (CPC) and amounted to KZT 12.8 trillion (growth for the year was 20%). The amount of pension accumulations on compulsory occupational pension contributions (COPC) amounted to KZT 324.4 billion (an increase of 29%), the amount of pension accumulations on voluntary pension contributions (VPC) amounted to KZT 2.2 billion (an increase of 13%).
It is important to note that only for the month from January 1 to February 1, 2021, net investment income in the amount of KZT 176.7 billion was accrued to the accounts of the UAPF contributors, which is KZT 148.5 billion more compared to the same period last 2020.
Since the beginning of 2021, pension contributions in the total amount of KZT 88.9 billion have been received on contributors ' accounts, which exceeded the figure for 2020 by KZT 2.3 billion or 3%. Of the total amount of contributions, 93.3% are receipts of CPC – KZT 82.8 billion (an increase of 2%), KZT 5.9 billion (an increase of 20%) were received via COPC, KZT 29 million of VPC (an increase of 82%) were received.
The number of individual pension accounts in the UAPF as of February 1, 2021 amounted to 11.6 million units (an increase of 11% over the year). The largest number of accounts was opened for compulsory pension contributions (CPC) - 10,977,453 (11% growth over the year). Then there are accounts formed at the expense of COPC - 529,571 (an increase of 4%), the number of accounts at the expense of VPC in the UAPF is now 59,034 (an increase of 8%).
Pension benefits amounted to KZT 73.8 billion, compared to February 1, 2020, the amount increased by KZT 55.9 billion. To a large extent, such an increase occurred due to the fact that on January 30, 2021, the Rules for the implementation of pension payments, lump-sum pension payments in order to improve housing conditions and (or) payment for medical treatment, approved by the Government Decree on January 19, 2021, entered into force.
On the first working day after this date, February 1, 2021, the UAPF began to pay pension benefits according to applications received on January 25 at the UAPF from the authorized operator of Otbasy Bank Housing Construction Savings Bank JSC. Note that the transfer of savings to the authorized operator is carried out within 5 working days after the contributor's application from the authorized operator is received in the UAPF. Recall that on January 25, on the first day of receipt of applications from Otbasy Bank JSC, 8,460 applications (or 82% of the total number of applications submitted) were successfully verified for a total amount of about KZT 49 billion. It was this amount that was transferred to Otbasy Bank JSC for crediting to special accounts of contributors and further targeted use. In this regard, there was an increase in payments from the UAPF. At the same time, it should be noted that further in terms of the amount of benefits, there were transfers to insurance organizations (KZT 9.1 billion), followed by pension benefits by age (KZT 6.5 billion), to heirs (KZT 5.9 billion), on leaving for permanent residence outside the Republic of Kazakhstan (KZT 2.1 billion), for burial (KZT 0.4 billion), disability benefits (KZT 0.2 billion).
