NEWS

As of August 1, 2020, pension accumulations in the amount of KZT 12.1 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. For the year from 01.08.2019 to 01.08.2020, the amount increased by almost KZT 1.9 trillion, or 19%.

The main amount of pension accumulations was formed at the expense of compulsory pension contributions (CPC) and amounted to KZT 11.8 trillion (growth since the beginning of the year was 12%). The amount of pension accumulations on compulsory occupational pension contributions (COPC) amounted to KZT 287.8 billion (an increase of 17%), the amount of pension accumulations on voluntary pension contributions (VPC) reached KZT 2.1 billion (an increase of 9%).

The number of individual pension saving accounts in the UAPF as of August 1, 2020, compared to the same period in 2019, increased by more than 1.2 million. As of 01.08.2019, the number of IPSA was 10.5 million units (10 517 212), and by 01.08.2020 it exceeded 11.7 million (11 706 287). Thus, the growth in one year was 11%.

The largest number of accounts were opened for compulsory pension contributions (CPC) - there are more than 11 million of them, or rather 11,132,300 (an increase of 10% since the beginning of the year). Next are the accounts formed at the expense of compulsory occupational pension contributions (COPC) - 518,294 (2% growth), the number of voluntary pension contributions (VPC) is gradually growing, such accounts in the UAPF are now 55,693 (2% growth).

Since the beginning of 2020, pension contributions in the total amount of KZT 604.3 billion have been received on contributors' accounts, which exceeded the indicators for the first 7 months of 2019 by KZT 55.1 billion or 10%. Of the total amount of contributions, 95.4% are CPC – KZT 576 billion, KZT 27.5 billion was received as OPPV, KZT 256 million was transferred as VPC.

Benefit payments amounted to KZT 98.2 billion, most of them, namely 36%, accounted for benefit payments by age (KZT 34.9 billion), transfers to insurance organizations (KZT 24.3 billion), due to leaving for permanent residence outside the Republic of Kazakhstan (KZT19.9 billion), heirs (KZT 16.4 billion), for burial (KZT 1.8 billion), disability payments (KZT 0.9 billion).

Since the beginning of 2020, as of August 1, more than KZT 752.98 billion of net investment income was credited to the accounts of the UAPF contributors, which is KZT 389.77 billion more compared to the same period last year.