NEWS

As of April 1, 2021, pension savings in the amount of KZT 12.6 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. Over the year, that is, from 01.04.2020 to 01.04.2021, the amount increased by almost KZT 1 trillion, or 8%.

The main amount of pension savings was formed at the expense of compulsory pension contributions (CPC) and amounted to KZT 12.3 trillion (growth for the year was 8%). The amount of pension savings on compulsory occupational pension contributions (COPC) amounted to KZT 315.9 billion (an increase of 16%), the amount of pension savings on voluntary pension contributions (VPC) amounted to KZT 2.2 billion (an increase of 8%).

For three months of 2021, UAPF contributors contributed more funds than in the same period last year. As of April 1, 2021, pension contributions in the total amount of about KZT 299 billion were received on the accounts of contributors, which exceeded the figure for the same period in 2020 by KZT 37.1 billion or 14%. Of the total amount of contributions, 95.3% are for CPC – KZT 285 billion (growth of 14%), KZT 13.8 billion (growth of 13%) were received for COPC, KZT 163 million (growth of 68%) were transferred as VPC. In just three months, more than 19.7 million contributions were made, of which most of them came from legal entities - 16.4 million contributions (83.3% of the total number of contributions), 2.8 million contributions came from individuals (14.2 %) and 467 thousand contributions (2.5%) were received under the Single Aggregate Payment (SAP).

It is important to note that the growth of pension savings also occurred due to net investment income, which from January 1 to April 1, 2021 amounted to KZT 358.2 billion.

The number of individual pension accounts in the UAPF as of April 1, 2021 amounted to 11.6 million units (an increase for the year was 9%). The largest number of accounts was opened for compulsory pension contributions (CPC) - 11,056,150 (annual growth 10%). Next, there are accounts formed at the expense of COPC - 519 358 (an increase of 1%), the number of accounts at the expense of VPC in the UAPF is now 45 094 units.

Payments from the Fund have grown significantly, primarily due to lump-sum pension benefits (LPB) for improving housing conditions and medical treatment. In just three months of 2021, the UAPF depositors were paid over KZT 1.03 trillion, most of the payments made up the LPB of KZT 952.4 billion. The second in terms of payments were transfers to insurance organizations - they amounted to about KZT 26 billion. This is followed by: payments by age – KZT 24.2 billion, by inheritance KZT 17.8 billion, in connection with leaving for permanent residence outside the Republic of Kazakhstan – KZT 7.4 billion, for burial – KZT 1.2 billion and disability benefits – KZT 0.6 billion.

It is worth noting that the amount of the average monthly payment according to the schedule (in connection with reaching the retirement age) was KZT 29,080, and the maximum amount of the monthly payment was KZT 522,610.