Pension savings of NPF depositors exceeded 13 trillion tenge

As of February 1, 2021, pension savings in the amount of 13.1 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, i.e. from 01.02.2020 to 01.02.2021, the amount increased by 2.2 trillion tenge or 21%.

The main amount of pension savings was formed at the expense of mandatory pension contributions (OPV) and amounted to 12.8 trillion tenge (an increase of 20% over the year). The amount of pension savings on mandatory professional pension contributions (PPI) amounted to 324.4 billion tenge (an increase of 29%), the amount of pension savings on voluntary pension contributions (DPV) amounted to 2.2 billion tenge (an increase of 13%).

It is important to note that only for the month from January 1 to February 1, 2021, net investment income in the amount of 176.7 billion tenge was accrued to the accounts of UAPF depositors, which is 148.5 billion tenge more than in the same period last year.

Since the beginning of 2021, pension contributions in the total amount of 88.9 billion tenge have been credited to depositors ' accounts, which exceeded the figure for 2020 by 2.3 billion or 3%. Of the total contributions, 93.3% are receipts to the UAPF for OPV – 82.8 billion tenge (2% growth), 5.9 billion tenge (20% growth) was received for OPV, 29 million tenge (82% growth) was transferred for DPV.

The number of individual pension accounts in the UAPF as of February 1, 2021 amounted to 11.6 million units (an increase of 11% over the year). The largest number of accounts opened for mandatory pension contributions (OPV) – 10,977,453 (an increase of 11% over the year). Next come the bill generated due to oppw - 529 571 (4% growth), the number of accounts at the expense of DPA in the Fund now 59 034 (an increase of 8%).

Payments amounted to 73.8 billion tenge, compared to the figures for February 1, 2020, the amount increased by 55.9 billion tenge. In many respects, this growth occurred due to the fact that on January 30, 2021, the Rules for the Implementation of Pension Payments, one-time pension payments for improving housing conditions and (or) paying for treatment, approved by a Government Decree on January 19, 2021, came into force.

On the first working day after this date, February 1, 2021, the UAPF began to make payments on applications received on January 25 by the UAPF from the authorized operator of JSC "Housing Construction Savings Bank "Otbasy Bank". It should be noted that the transfer of savings to the authorized operator is carried out within 5 working days after the receipt of the depositor's application from the authorized operator to the UAPF. Recall that on January 25, on the first day of receipt of applications from Otbasy Bank JSC, 8,460 applications (or 82% of the total number of applications submitted) for a total amount of about 49 billion tenge were successfully verified. This amount was transferred to JSC "Otbasy Bank" for crediting to special accounts of depositors and further targeted use. In this regard, there was an increase in payments from the UAPF. At the same time, it should be noted that further in the amount of payments, there were transfers to insurance organizations (9.1 billion tenge), followed by payments for age (6.5 billion tenge), heirs (5.9 billion tenge), for permanent residence outside the Republic of Kazakhstan (2.1 billion tenge), for burial (0.4 billion tenge), disability payments (0.2 billion tenge).