NEWS

Key UAPF indicators as of August 1

As of August 1, 2022, pension savings in the amount of KZT13.7 trillion were formed on the accounts of contributors of the Unified Accumulative Pension Fund. Over the year, the amount increased by KZT853.7 billion or 6.7%.

The main amount of pension savings was formed at the expense of compulsory pension contributions (CPC) and amounted to KZT13.3 trillion. The amount of pension savings on compulsory occupational pension contributions (COPC) amounted to KZT404.6 billion, the amount of pension savings on voluntary pension contributions (VPC) amounted to about KZT2.9 billion.

Incoming flows, in particular, contributions this year continue to increase. For seven months of 2022, pension contributions in the total amount of about KZT952.4 billion were received on the accounts of contributors, which exceeded the figure for the same period in 2021 by 29% or KZT211.6 billion. It should be noted that the growth occurred in all types of contributions. Of the total contributions, 95.3% are receipts to the UAPF for the CPC - KZT907.4 billion (28% growth over the past 12 months), KZT43.6 billion (an increase of 37%) for the COPC. KZT1.5 billion (an increase of 293%) was transferred under the VPC.

A significant increase in pension savings was achieved thanks to net investment income, which from January 1 to August 1, 2022 amounted to about KZT501.1 billion.

The number of individual pension saving accounts in UAPF as of August 1, 2022 amounted to 12.0 million units. The largest number of accounts opened for compulsory pension contributions (CPC) - 10,889,461 units. The number of accounts formed at the expense of the COPC is 577,104 units, the IPSA for accounting for VPC is 342,988.

Since the beginning of the year, UAPF has paid over KZT1 trillion. Most of the payments were lump-sum pension benefits (LSPB) for the improvement of housing conditions and medical treatment - KZT858.0 billion. Old age benefits amounted to KZT64.2 billion, inheritance benefits - KZT38.4 billion, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT29.5 billion, about KZT15.4 billion were transferred to insurance organizations, payments for burial - KZT3.2 billion and disability benefits - KZT1.4 billion.

It should be noted that the amount of the average monthly benefit according to the schedule from the UAPF (in connection with reaching the retirement age) was KZT29,812, and the maximum amount of the monthly benefit was KZT707,326.