NEWS

The pension accumulations of UAPF JSC, one of the most important financial institutions of Kazakhstan, from May 1, 2019 to May 1, 2020 increased by KZT 1.9 trillion or 19%. Thus, pension accumulations exceeded KZT 11.6 trillion.

The main amount of pension accumulations was formed due to compulsory pension contributions (CPC) and amounted to KZT 11.4 trillion, having increased by 8% over 4 months of 2020. The amount of pension accruals for compulsory occupational pension contributions (COPC) amounted to KZT 273 billion (11% increase), the amount of pension accumulations for voluntary pension contributions (VPC) exceeded KZT 2 billion (an increase of 7%)

Since the beginning of 2020, pension contributions in the total amount of KZT 347.1 billion have been received on contributors' accounts, which exceeded the figures for the first 4 months of 2019 by 15%. Pension benefits amounted to KZT 52.6 billion, most of which accounted for retirement benefits (KZT 21.4 billion), on departure for permanent residence outside the Republic of Kazakhstan (KZT 12.6 billion), transfers to insurance organizations (KZT 9.8 billion, to the heirs (KZT 7.4 billion), for burial (KZT 0.8 billion).

Since the beginning of 2020, as of May 1, over KZT 536 billion of net investment income has been credited to the accounts of UAPF contributors, which is KZT 381.1 billion more compared to the same period of the last year. We remind that in the first four months of 2019, net investment income amounted to KZT 154.9 billion.