Pension savings of Kazakhstanis exceeded 11 trillion tenge

Key indicators of the Unified accumulative pension Fund JSC
as of March 1, 2020
Pension assets of JSC "UAPF", one of the most important financial institutions in Kazakhstan, increased by 283 billion tenge in the first two months of operation in 2020. Thus, the pension savings of our citizens have reached more than 11 trillion, the growth in two months was 3%.
The main amount of pension savings was formed on mandatory pension contributions (OPV) and amounted to 10.8 trillion tenge, increasing by 17% over the past 12 months. The amount of pension savings in the mandatory occupational pension contributions (oppv) it amounted to 257 billion tenge (25% growth), the amount of pension savings on voluntary pension contributions (VPS) amounted to almost 2 billion tenge (6% growth).
It should be noted that the total number of individual pension accounts for all types of contributions of JSC "UAPF" exceeded 10 million, or rather - 10,498,852 units (excluding technical agreements: without IIN, in the absence of full details). Growth since March last year was 3%. Most of the IPS are mandatory pension contributions – 9.9 million (an increase of 3%), followed by mandatory professional pension contributions – 514 thousand accounts (an increase of 6%). The largest increase is observed for voluntary pension contributions, as of March 1, 2020, the UAPF has 55,221 DPA accounts, which is 12% higher than in 2019.
It is important to mention the work of the UAPF on so-called technical agreements, which include the IPS of unidentified depositors (recipients) who do not have an individual identification number (IIN), as well as incorrect details in the last name, first name, patronymic and date of birth (IPS without IIN). From March 1, 2019 to March 1, 2020, UAPF employees managed to identify more than 20 thousand such accounts, and reduce their total number by 11%. Thus, as of March 1 of this year, 186, 8 thousand technical contracts remain in the UAPF.
Average savings on individual pension accounts of depositors (recipients) for OPV (excluding technical agreements) amounted to 1.11 million tenge, which is 12% higher than the same indicator last year.
The accounts of depositors for 2 months of 2020 received pension contributions in the total amount of 175.2 billion tenge, which exceeded the figures for the first 2 months of 2019 by 20%. Payments amounted to 32.1 billion tenge, most of which were payments for age (12.2 billion tenge), for permanent residence outside the Republic of Kazakhstan (8.4 billion tenge), transfers to insurance organizations (5.4 billion tenge), heirs (5.2 billion tenge). Net investment income was credited to the accounts of depositors (recipients) in the amount of 139.9 billion tenge.

UAPF was established on August 22, 2013 on the basis of JSC " NPF "GNPF". The founder and shareholder of 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 provides trust management of pension assets of the UAPF. As of January 1, 2016, the functions of developing proposals to improve the efficiency of pension asset management have been transferred to the National Fund management Board. 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 on the status of his / her pension savings (for more information, see www.enpf.kz).