The volume of pension savings of Kazakhstanis as of June 1, 2023 amounted to KZT15.8 trillion. Since the same date last year, it has grown by almost KZT3.07 trillion or 24%.
Pension savings through compulsory pension contributions (CPC) increased by 23.8% over the year and amounted to KZT15.3 trillion as of June 1, 2023.
Pension savings on compulsory occupational pension contributions (COPC) amounted to about KZT495.3 billion, having increased by 32.2% over the year.
The largest increase of over 64% was demonstrated by savings from voluntary pension contributions (VPC), which as of June 01, 2023 amounted to about KZT4.2 billion.
The average amount of savings due to CPC per 1 IPSA amounted to KZT1,396.2 thousand, which is 22.4% more than this indicator last year. At the same time, the calculation takes into account the individual pension saving accounts of all contributors: both those who have just entered the accumulative pension system, and those who have been making contributions for 25 years. The regularity and amount of contributions, which depends on the income of the contributor, has a great influence on the amount of savings.
The increase in savings is formed due to incoming flows in the form of pension contributions and investment income. At the same time, pension contributions for January-May 2023 amounted to KZT836.7 billion, which is 26% more than the same period last year: growth was demonstrated by the CPC (KZT796.6 billion were received on the IPSA, an increase compared to the same period last year - by 27%), COPC (KZT39.2 billion, an increase of 25%). The volume of VPC amounted to KZT899 million.
Net investment income for January-May 2023 amounted to KZT493.4 billion.
Outgoing flows in the form of payments from the UAPF since the beginning of the year amounted to about KZT172 billion. Most of this amount is made up of lump-sum pension benefits (LSPB) for the improvement of housing conditions and medical treatment - KZT64.7 billion. Compared to last year, this figure has decreased by almost 13 times.
Benefits in connection with reaching the retirement age amounted to about KZT59.9 billion.
Inheritance payments were also made - KZT20.9 billion, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT14.9 billion, disability payments - KZT1.1 billion, funeral payments - KZT2.3 billion. About KZT8.1 billion was transferred to insurance organizations.
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) amounted to 32,101 tenge, and the maximum amount of the monthly payment was 742,692 tenge. Recall that for the same period last year, the average amount of monthly benefit payments according to the schedule from the UAPF amounted to 29,360 tenge, and the maximum amount of a monthly benefit payment - 707,326 tenge.
The number of individual pension saving accounts in the UAPF as of June 1, 2023 amounted to 12.18 million units, of which: 10.99 million - for compulsory pension contributions. As of June 1, 2023, there were 615,171 IPSA accounts for COPC, and 373,708 IPSAs were opened for VPC.
All relevant information on statistical data on pension assets, including in the context of the regions of the country, is posted on the enpf.kz website in the "Indicators" section.
