As of March 1, 2022, pension savings in the amount of about 13.6 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, from 01.03.2021 to 01.03.2022, the amount increased by 965.5 billion tenge or by 7.7%, and from January 1, 2022 by 515.1 billion tenge or 3.9%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (OPV) and amounted to 13.2 trillion tenge (an increase of 7.3% over the past 12 months). The amount of pension savings on mandatory professional pension contributions (OPP) amounted to 385.5 billion tenge (there was an increase of 22.5%), the amount of pension savings on voluntary pension contributions (DPV) amounted to about 1.8 billion tenge.
In two months of 2022, UAPF depositors contributed more funds than in the same period last year. As of March 1, 2022, pension contributions in the total amount of about 245.6 billion tenge were received to depositors' accounts, which exceeded the indicator for the same period in 2021 (by 54.1 billion tenge or 28%). Of the total amount of contributions, 94.6% are receipts to the UAPF for OPV – 232.3 billion tenge (an increase of 28% over the past 12 months), 13.2 billion tenge (an increase of 33%) were received for OPV, 180 million tenge (an increase of 73%) was transferred for DPV.
In addition to the contributions of depositors themselves, a significant increase in pension savings was provided due to net investment income, which from January 1 to March 1, 2022 exceeded 522 billion tenge, which is twice as much as last year, or by 304 billion tenge. The yield on pension assets of the UAPF under the management of the National Bank of Kazakhstan since the beginning of 2022 amounted to 4.0%, with inflation of 1.5%. At the same time, the yield for the last 12 calendar months was 13.65%, with inflation for the same period at 8.7%.
The number of individual pension accounts in the UAPF as of March 1, 2022 amounted to 11.7 million units. The largest number of accounts have been opened for mandatory pension contributions (OPV) – 10,868,109 units. Next are the accounts formed at the expense of the OPPV, 556,918 units, the number of accounts at the expense of the DPV in the UAPF is now 66,279 units.
Since the beginning of the year, the UAPF has paid 319.3 billion tenge to depositors, most of them were lump-sum pension payments (EPO) for the purpose of improving housing conditions and treatment - 280.2 billion tenge. Payments by age - 16.5 billion tenge. Inheritance payments amounted to 10.2 billion tenge, payments in connection with permanent residence outside the Republic of Kazakhstan - 7.6 billion tenge, transfers to insurance organizations amounted to about 3.5 billion tenge, funeral payments - 0.9 billion tenge and disability payments - 0.4 billion tenge.
It is worth noting that the amount of the average monthly payment according to the schedule from the UAPF (due to reaching retirement age) it amounted to 29,302 tenge, and the maximum amount of monthly payment was 707,326 tenge.