INFORMATIONAL MESSAGE
The UAPF summed up the preliminary results for the first half of 2021
Pension savings of Kazakhstanis amounted to 12.8 trillion tenge
As of July 1, 2021, pension savings in the amount of 12.8 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, from 01.07.2020 to 01.07.2021, the amount increased by more than 992 billion tenge or by 8%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (OPV) and amounted to 12.4 trillion tenge (an increase of 8% over the past 12 months). The amount of pension savings on mandatory professional pension contributions (OPV) amounted to 331.5 billion tenge (an increase of 18%), the amount of pension savings on voluntary pension contributions (DPV) amounted to 1.8 billion tenge.
In the six months of 2021, UAPF depositors contributed more funds than in the same period last year. As of July 1, 2021, pension contributions in the total amount of 811.8 billion tenge were received to depositors ' accounts, which exceeded the indicator for the same period in 2020 by 286.8 billion tenge or 55%. Of the total amount of contributions, 95.6% are receipts to the UAPF for OPV - 602.2 billion tenge (an increase of 20% over the past 12 months), 27.3 billion tenge (an increase of 14%) was received for OPV, 299 million tenge (an increase of 39%) 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 July 1, 2021 amounted to 753.3 billion tenge, which exceeds the figures for the same period last year by 39% or 210 billion tenge. The yield on pension assets of the UAPF under the management of the National Bank of the Republic of Kazakhstan since the beginning of the year on July 1 was 6.1%, with inflation of 4.6%. At the same time, the yield for the last 12 months was 12.1%, while inflation for the same period was 7.9%.
The number of individual pension accounts in the UAPF as of July 1, 2021 amounted to 11.6 million units. The largest number of accounts are opened for mandatory pension contributions (OPV) – 10,907,549 units. Next are the accounts formed at the expense of the OPPV - 526,674 units, the number of accounts at the expense of the DPV in the UAPF is now 47,490 units.
Since the beginning of the year, more than 1.7 trillion tenge has been paid to UAPF depositors, most of the payments were one - time pension payments (EPO) - 1.6 trillion tenge. The second in terms of the amounts of payments were payments by age - 46.8 billion tenge. This is followed by: transfers to insurance organizations-they amounted to about 37.7 billion tenge, inheritance payments of 30.5 billion tenge, in connection with permanent residence outside the Republic of Kazakhstan - 17.3 billion tenge, for burial - 2.5 billion tenge and disability payments - 1.1 billion tenge.
It is worth noting that the amount of the average monthly payment according to the schedule (in connection with reaching retirement age) it amounted to 28,708 tenge, and the maximum amount of monthly payment was 673,643 tenge.
The 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 trust management of pension assets of the UAPF is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve 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, provides the depositor (recipient) with information on the status of his pension savings (for more information, see www.enpf.kz)