INFORMATIONAL MESSAGE
Pension contributions of Kazakhstanis increased by 28 percent over the year
Key indicators of the UAPF as of April 1
As of April 1, 2022, pension savings in the amount of about 13.0 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, from 01.04.2021 to 01.04.2022, the amount increased by 380.5 billion tenge or 3.0%.
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 2.6% over the past 12 months). The amount of pension savings on mandatory professional pension contributions (OPP) amounted to 376.6 billion tenge (there was an increase of 19.2%), the amount of pension savings on voluntary pension contributions (DPV) amounted to about 1.8 billion tenge.
In the three months of 2022, UAPF depositors contributed 84.6 billion tenge more than in the same period last year. As of April 1, 2022, pension contributions totaling about 383.5 billion tenge were received to depositors' accounts, which exceeded the figure for the same period of 2021 by 28%. Of the total amount of contributions, 94.9% are receipts to the UAPF for OPV – 364.1 billion tenge (an increase of 28% over the past 12 months), 19.1 billion tenge (an increase of 38%) were received for OPV, 304 million tenge (an increase of 87%) was transferred for DPV.
In addition to the contributions of depositors themselves, the increase in pension savings was ensured thanks to net investment income, which from January 1 to April 1, 2022 amounted to 295.8 billion tenge.
The number of individual pension accounts in the UAPF as of April 1, 2022 amounted to 11.7 million units. The largest number of accounts have been opened for mandatory pension contributions (OPV) – 10,868,993 units. Next are the accounts formed at the expense of the OPPV, 562,481 units, the number of accounts at the expense of the DPV in the UAPF is now 69,188 units.
Since the beginning of the year, the UAPF has paid 886.7 billion tenge to depositors, most of them were lump-sum pension payments (EPO) for the purpose of improving housing conditions and treatment - 822.1 billion tenge. Payments by age - 26.8 billion tenge. Inheritance payments amounted to 16.9 billion tenge, payments in connection with permanent residence outside the Republic of Kazakhstan - 12.0 billion tenge, transfers to insurance organizations amounted to about 6.9 billion tenge, funeral payments - 1.4 billion tenge and disability payments - 0.6 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 29,372 tenge, and the maximum amount of monthly payment was 707,326 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 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 )