As of July 1, 2024, pension savings in individual and notional pension savings accounts of contributors (beneficiaries) of UAPF JSC amounted to about KZT20 trillion. Since the beginning of the year, their increase as of July 1, 2024 amounted to more than KZT2.1 trillion (11.8%). Compared to the same date last year, the volume of pension savings increased by almost KZT3.9 trillion or 24.3%.
96% of the savings of Kazakhstanis were formed through CPC, the volume of which as of July 1, 2024 amounted to about KZT19.3 trillion (an increase for the year - 23.7%, since the beginning of the year - 11.3%). The amount of pension savings of COPC amounted to KZT619.9 billion (an increase over the year by 22.9%, since the beginning of the year - 9%). The largest increase (48.4% for the year, 22.5% since the beginning of the year) was shown by savings of voluntary pension contributions (VPC), the volume of which amounted to KZT6.5 billion.
An important component of pension savings is pension contributions, the volume of which for 6 months of 2024 exceeded KZT1.3 trillion, which is 28.4% or more than KZT290.8 billion 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) - 18.7%, compulsory occupational pension contributions (COPC) - 20.3%, voluntary pension contributions (VPC) - 30.4%.
From January 1, 2024, additional funds will be transferred to the pension accounts of contributors (beneficiaries) - employer compulsory pension contributions (ECPC). For 6 months of 2024, the amount of pension savings through ECPC amounted to about KZT98.9 billion.
Another important part of savings is investment income. For the first half of 2024, net investment income accrued to individual and notional pension savings accounts of UAPF contributors amounted to about KZT1.21 trillion.
Outgoing flows in the form of benefit payments from the Unified Accumulative Pension Fund for 6 months of this year amounted to more than KZT457.6 billion. At the same time, the bulk of this amount consists of lump sum pension benefit payments (LSPBP) for improving housing conditions and medical treatment - about KZT190.4 billion, which is 2.4 times higher than last year.
Benefit payments in connection with reaching retirement age amounted to about KZT97.3 billion.
Inheritance payments were also made - KZT28.6 billion, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT17.9 billion, payments to persons with disabilities - KZT1.5 billion, funeral payments - KZT4.9 billion. An amount of more than KZT117 billion 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 KZT33,883, and the maximum amount of the monthly benefit payment was KZT945,752. Let us remind you that for the same period last year, the average monthly payment amount according to the schedule from the Unified Accumulative Pension Fund was KZT32,111, and the maximum monthly payment amount was KZT742,692.
The number of individual pension savings accounts of contributors (IPSA) in the UAPF as of July 1, 2024 is 12.4 million units, of which: 11.1 million - for CPC, 688.6 thousand - for COPC, 421.3 thousand - for VPC.
The number of notional pension savings accounts (NPSA) in the UAPF as of July 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 3.9 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.
