The net investment income of UAPF depositors amounted to 217.9 billion tenge
Key indicators of the UAPF as of March 1, 2021
As of March 1, 2021, pension savings in the amount of 12.6 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, that is, from 01.03.2020 to 01.03.2021, the amount increased by more than 1.5 trillion tenge, or by 14%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (OPV) and amounted to 12.3 trillion tenge (an increase of 14% over the year). The amount of pension savings on mandatory professional pension contributions (OPP) amounted to 314.5 billion tenge (an increase of 22%), 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 in the two months from January 1 to March 1, 2021, net investment income in the amount of 217.9 billion tenge was accrued to the accounts of UAPF depositors, which is 78 billion tenge (or 56%) more compared to the same period last year in 2020. The current year's profitability indicators also exceed the indicators of the same period last year. So, the yield from the beginning of 2021 was 1.7%, with inflation of 1.3% (in the same period of the last 2020, the yield was 1.3% with inflation of 1.3%). If we consider the yield in annual terms (for the last 12 months from March 2020 to February 2021), it was 11.4%, with inflation of 7.4% (in the same period last year, the yield was 7.8% with inflation of 6%).
Since the beginning of 2021, pension contributions in the total amount of 191.6 billion tenge have been credited to depositors ' accounts, which exceeded the figure for the same period in 2020 by 16.4 billion or 9%. Of the total contributions, 94.8% are receipts to the UAPF for OPV – 181.6 billion tenge (growth of 9%), 9.9 billion tenge (growth of 13%) was received for OPV, 104 million tenge (growth of 34%) was transferred for DPV.
Payments from the Fund have increased significantly, primarily due to one-time pension payments (EPOS). In just two months, UAPF depositors were paid more than 704 billion tenge, most of the payments were made by the EPO of 649.9 billion tenge. Transfers to insurance organizations were the second largest in terms of payments, they amounted to 19.3 billion tenge, followed by payments for age of 15.9 billion tenge, inheritance of 13.3 billion tenge, departure for permanent residence outside the Republic of Kazakhstan of 4.5 billion tenge, burial of 0.9 billion tenge and disability payments of 0.4 billion tenge.
The number of individual pension accounts in the UAPF as of March 1, 2021 amounted to 11.7 million units (an increase of 10% over the year). The largest number of accounts opened for mandatory pension contributions (OPV) – 10,986,723 (an increase of 11% over the year). Next are the accounts formed at the expense of the OPV - 532,757 (an increase of 4%), the number of accounts at the expense of the DPV in the UAPF is now 60,177 (an increase of 9%).
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 (for more information, see www.enpf.kz)