In 2020, the pension savings of UAPF depositors increased by 2.1 trillion tenge

In 2020, the pension savings of UAPF depositors increased by 2.1 trillion tenge

INFORMATION MESSAGE

 

In 2020, the pension savings of UAPF depositors increased by 2.1 trillion tenge

 

Key indicators of the UAPF as of January 1, 2021

 

As of January 1, 2021, pension savings in the amount of 12.9 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, i.e. from 01.01.2020 to 01.01.2021, the amount increased by 2.1 trillion tenge or 20%.

The main amount of pension savings was formed at the expense of mandatory pension contributions (OPV) and amounted to 12.6 trillion tenge (growth since the beginning of 2020 was 19%). The amount of pension savings on mandatory professional pension contributions (PPI) amounted to 315.3 billion tenge (an increase of 28%), the amount of pension savings on voluntary pension contributions (DPV) amounted to 2.2 billion tenge (an increase of 12%).

It is important to note that only from January 1, 2020 to January 1, 2021, more than 1.2 trillion tenge of net investment income was accrued to the accounts of UAPF depositors, which is 578.1 billion tenge (an increase of 90%) more than in the same period last year. At the same time, it is worth emphasizing that the investment income exceeded the amount of pension contributions.

Since the beginning of 2020, pension contributions totaling 1.1 trillion tenge have been credited to depositors ' accounts, which exceeded the figure for 2019 by 94.8 billion, or 10%. Of the total contributions, 95.6% are receipts to the UAPF for OPV - 1.04 trillion tenge (growth of 10%), 46.9 billion tenge (growth of 8%) was received for OPV, 539 million tenge (growth of 51%) was transferred for DPV.

The number of individual pension accounts in the UAPF as of January 1, 2021 amounted to 11.6 million units (an increase of 10% since the beginning of the year). The largest number of accounts opened for mandatory pension contributions (OPV) – 10,981,218 (an increase of 11%). Next come the bill generated due to oppw - 528 283 (4% growth), the number of accounts at the expense of DPA in the Fund now 57 645 (+6%).

Payments amounted to 193.4 billion tenge, most of which, namely 35%, accounted for payments for age (67.7 billion tenge), transfers to insurance organizations (46.3 billion tenge), for permanent residence outside the Republic of Kazakhstan (36.8 billion tenge), to heirs (36.5 billion tenge), for burial (4.4 billion tenge), disability payments (1.7 billion tenge).

 

 

UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The National Bank of the Republic of Kazakhstan is responsible for the trust management of the pension assets of the UAPF. Since January 1, 2016, the functions of developing proposals for improving the efficiency of pension asset management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory professional pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, and provides the depositor (recipient) with information about the state of his pension savings (more on www.enpf.kz)