The volume of pension assets of Kazakhstanis as of December 1, 2024 amounted to about KZT22.13 trln (growth over 11 months - more than KZT4.25 trln or 23.8%). Over the year, pension assets have grown by more than KZT4.75 trln (or 27.4%).
Pension savings of Kazakhstanis due to the CPC as of December 1, 2024 amount to about KZT21.24 trln or 96.07% of their total volume (growth over the year - 26.4%, since the beginning of the year - 22.8%). The amount of the COPC pension savings amounted to KZT642.76 bln, demonstrating growth over the year by 16.2%, since the beginning of the current year - by 13.1%. The largest increase (48.9% for the year, 43.7% since the beginning of the year) was shown by savings on voluntary pension contributions (VPC), the volume of which amounted to KZT7.59 bln.
From January 1, 2024, additional funds - employer's compulsory pension contributions (ECPC) - are credited to the pension accounts of contributors (beneficiaries). Over the 11 months of 2024, the amount of ECPC pension savings amounted to more than KZT218.79 bln.
Incoming
Pension savings are increasing due to incoming flows in the form of pension contributions and investment income. Pension contributions to individual and notional accounts of contributors for 11 months of 2024 amounted to more than KZT2.49 trln (an increase of 29.4% or KZT567.35 bln compared to the previous year).
Contributions have increased since the beginning of the year as of 01.12.2024 due to CPC (amounted to more than KZT2.18 trln, which is 18.7% more than for the same period last year), COPC (more than KZT104.3 bln, which is 20.6% more than last year), VPC (more than KZT2.8 bln, which is 35.3% more than last year). ECPC amounted to KZT204.12 bln.
Net investment income accrued to individual and conditional pension accounts of UAPF contributors since the beginning of the year as of 01.12.2024 amounted to about KZT2.78 trln. Its volume increased by more than KZT1.53 trln or 123% compared to the same period last year.
Benefits and Transfers
Outgoing flows in the form of benefits for all types of contributions and transfers to insurance organizations from the UAPF for 11 months of 2024 amounted to KZT1.13 trln, which exceeds the volume of payments from last year by 2 times.
KZT497.98 bln are lump sum pension benefit payments (LSPBP) for improving housing conditions and medical treatment.
Benefits in connection with reaching retirement age amounted to about KZT185.42 bln, which is 32.8% higher than last year's figure.
During the specified period, inheritance payments were also made – KZT55.35 bln, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT37.49 bln, payments to persons with disabilities - about KZT2.77 bln, funeral payments - KZT9.18 bln. An amount of about KZT339.66 bln was transferred to insurance organizations.
The average monthly benefit from the UAPF in connection with reaching retirement age was 33,826 tenge, and the maximum monthly benefit was 945,752 tenge.
IPSA number
The total number of pension accounts in the UAPF as of December 1, 2024 was about 17.07 million units (growth since the beginning of the year was more than 4.74 million units or 38.5%, growth for the year - 38.7%). At the same time, the number of individual pension savings accounts of contributors (beneficiaries) in the UAPF as of December 1, 2024 was more than 12.48 million units, of which: more than 11.14 million - for the compulsory pension contribution, 711.35 thousand - for the compulsory occupational pension contribution, 436.47 thousand - for the voluntary pension contributions.
The number of conditional pension accounts in the UAPF, which record information on received voluntary pension contributions in accordance with the legislation of the Republic of Kazakhstan, was more than 4.58 million units.
All up-to-date information on statistical data on pension assets, including by regions of the republic, is posted on the website enpf.kz in the section “Indicators”.
