The average amount of pension savings in the UAPF with regular contributions is about 5 million tenge

The Unified Accumulative Pension Fund continues to sum up the results of 2019.

In the past year, the accumulative pension system of Kazakhstan turned 21 years old. And now we can summarize the interim results. Thus, the average amount of pension savings of contributors who have made regular contributions to the fund since 1998, as of January 1, 2020, amounted to 5.8 million tenge for men and 4.4 million tenge for women. This figure is derived from the accounts of all depositors.
At the same time, at the end of 2019, the average amount of pension savings in the accounts of contributors due to compulsory pension contributions, regardless of the number of years of participation in the funded pension system, is 1.1 million tenge (growth compared to 2018 was 11%), for compulsory professional pension contributions - 500.2 thousand tenge (growth - 17%) and 48.6 thousand tenge on voluntary pension contributions. If we consider the average savings of citizens due to OPV in the context of sex, it looks like this: for men - 1.2 million tenge (an increase from the beginning of the year by 10%) and for women - 942.2 thousand tenge (an increase from the beginning of the year by 12%). However, these are the average figures deduced from the accounts of all contributors - those who have just started their labor activity and began to transfer contributions to the UAPF, and those who have been making contributions for twenty years.
The number of active contributors in 2019 to the UAPF was about 6.6 million. Note that the average frequency of contributions in 2019 to the UAPF is 8.13 times.