INFORMATIONAL MESSAGE
Pension savings of Kazakhstanis exceeded 12.9 trillion tenge
Key indicators of the UAPF as of September 1
As of September 1, 2021, pension savings in the amount of more than 12.9 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, from 01.09.2020 to 01.09.2021, the amount increased by 704 billion tenge or 6%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (OPV) and amounted to 12.6 trillion tenge (an increase of 5% over the past 12 months). The amount of pension savings on mandatory professional pension contributions (OPP) amounted to 342.6 billion tenge (an increase of 17%), the amount of pension savings on voluntary pension contributions (DPV) amounted to 1.6 billion tenge.
For the full eight months of 2021, UAPF depositors contributed more funds than in the same period last year. As of September 1, 2021, pension contributions totaling 1.1 trillion tenge were received to depositors' accounts, which exceeded the indicator for the same period in 2020 by 397.4 billion tenge or 58%. Of the total contributions, 95.6% are receipts to the UAPF for OPV - 812.9 billion tenge (an increase of 24% over the past 12 months), 36.5 billion tenge (an increase of 16%) were received for OPV, 432 million tenge (an increase of 38%) 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 September 1, 2021 amounted to 938.9 billion tenge, which exceeds the figures for the same period last year by 8% or 67 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 September 1 amounted to 7.65%, with inflation of 5.8%. At the same time, the yield over the past 12 months was 10.68%, with inflation over the same period at 8.7%.
The number of individual pension accounts in the UAPF as of September 1, 2021 amounted to 11.6 million units. The largest number of accounts have been opened for mandatory pension contributions (OPV) – 10,905,014 units. Next are the accounts formed at the expense of the OPPV - 531,323 units, the number of accounts at the expense of the DPV in the UAPF is now 51,645 units.
Since the beginning of the year, almost 2.0 trillion tenge has been paid to UAPF depositors, most of the payments were one-time pension payments (EPO) - 1.8 trillion tenge. The second in terms of payments were payments by age - 62.0 billion tenge. This is followed by: transfers to insurance organizations - they amounted to about 44.0 billion tenge, inheritance payments of 38.8 billion tenge, in connection with permanent residence outside the Republic of Kazakhstan - 25.1 billion tenge, burial - 3.4 billion tenge and disability payments - 1.4 billion tenge.
It is worth noting that the amount of the average monthly payment according to the schedule (due to reaching retirement age) It amounted to 28,568 tenge, and the maximum amount of monthly payment was 673,643 tenge.
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 assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory occupational 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 (more on www.enpf.kz )