As of April 1, 2024, pension savings in the amount of KZT18.9 trln were formed on individual and conditional accounts of contributors (beneficiaries) of UAPF JSC. Since the beginning of this year, their increase as of April 1, 2024 amounted to about KZT1.02 trln (5.7%). Compared to the same date last year, the volume of pension savings increased by almost KZT3.5 trln or 22.6%.
The volume of pension contributions for 3 months of 2024 amounted to KZT623.6 bln, which is 27.9% or more than KZT136.2 bln higher than last year. It should be noted that an increase compared to the same period last year was demonstrated by compulsory pension contributions (CPC) - 20.2%, compulsory occupational pension contributions (COPC) - 22.1%, voluntary pension contributions (VPC) - 41.2%.
96.6% of the savings of Kazakhstanis were formed through CPC, the volume of which as of April 01, 2024 amounted to more than KZT18.2 trln (an increase for the year - 22.3%, since the beginning of the year - 5.5%). The amount of pension savings under COPC amounted to KZT599.7 bln, having increased by 25.8% over the year, and by 5.5% since the beginning of this year. The maximum increase (49% for the year, 11.3% since the beginning of the year) was shown by savings for voluntary pension contributions (VPC), the volume of which amounted to KZT5.9 bln.
From January 1, 2024, additional funds will be transferred to the pension accounts of contributors (beneficiaries) - employer compulsory pension contributions (ECPC). For 3 months of 2024, the amount of pension savings through the ECPC amounted to about KZT37.5 bln.
Net investment income accrued to individual and notional pension savings accounts of UAPF contributors since the beginning of the year amounted to about KZT569.5 bln.
Outgoing flows in the form of payments from the Unified Accumulative Pension Fund for 3 months of this year amounted to about KZT193 bln. At the same time, the bulk of this amount is made up of lump-sum pension benefits (LSPB) for improving housing conditions and treatment - about KZT83.7 bln, which is 2.4 times higher than last year.
Pension benefits in connection with reaching retirement age amounted to about KZT44.6 bln.
Inheritance payments were also made - KZT13 bln, benefit payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT7.7 bln, benefit payments to persons with disabilities - KZT790.3 mln, burial payments - KZT2.5 bln. An amount of about KZT40.8 bln was transferred to insurance organizations.
Note that the average monthly benefit payment according to the schedule from the Unified Accumulative Pension Fund (in connection with reaching retirement age) was 33,985 tenge, and the maximum amount was 945,752 tenge. Let us remind you that for the same period last year, the average monthly payment according to the schedule from the Unified Accumulative Pension Fund was 32,082 tenge, and the maximum monthly pension benefit payment amount was 742,692 tenge.
The number of individual pension savings accounts of contribustors (IPSA) in the UAPF as of April 1, 2024 is 12.4 million units, of which: 11.1 million - according to CPC, 671.1 thousand - according to COPC, 409.8 thousand - according to VPC.
The number of notional pension savings accounts (NPSA) in the UAPF as of April 1, 2024, which takes into account information about received ECPC and other income in accordance with the legislation of the Republic of Kazakhstan, amounted to more than 3.4 million units.
All relevant information on statistical data on pension assets, including by region of the republic, is posted on the enpf.kz website in the “Indicators” section.
