INFORMATIONAL MESSAGE
Since the beginning of the year, Kazakhstanis have contributed over 523 billion tenge to the UAPF
Key indicators of the UAPF as of May 1
As of May 1, 2022, pension savings in the amount of about 13 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, from 01.05.2021 to 01.05.2022, the amount increased by 356.9 billion tenge or 2.8%. The increase in savings was formed taking into account incoming flows in the form of contributions and investment income, as well as outgoing flows in the form of pension payments, including lump-sum payments for housing and medical treatment.
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 2.4% over the past 12 months). The amount of pension savings on mandatory professional pension contributions (OPP) amounted to 377.4 billion tenge (there was an increase of 18.2%), the amount of pension savings on voluntary pension contributions (DPV) amounted to about 1.8 billion tenge.
It should be noted that incoming flows, in particular, contributions have increased this year. In the four months of 2022, pension contributions totaling about 523.5 billion tenge were received to depositors' accounts, which exceeded the figure for the same period of 2021 by 27% or by 110.7 billion tenge. It should be noted that the growth occurred for all types of contributions. Of the total contributions, 95.1% are receipts to the UAPF for OPV – 497.7 billion tenge (an increase of 26% over the past 12 months), 25.4 billion tenge (an increase of 37%) were received for OPV, 400 million tenge (an increase of 85%) 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 May 1, 2022 amounted to 128.7 billion tenge.
The number of individual pension accounts in the UAPF as of May 1, 2022 amounted to 11.7 million units. The largest number of accounts have been opened for mandatory pension contributions (OPV) – 10,870,075 units. The number of accounts formed at the expense of the OPPV increased by 8.4% over the year and amounted to 565,802 units.. The greatest growth is observed in the number of IPS for the accounting of DPV - their number increased by 60% and reached 72,555 units.
Since the beginning of the year, the UAPF has paid 921.4 billion tenge. Most of the payments were one-time pension payments (EPO) for improving housing conditions and treatment - 831.7 billion tenge. Age payments amounted to 37.0 billion tenge, inheritance payments - 23.4 billion tenge, payments in connection with permanent residence outside the Republic of Kazakhstan - 16.9 billion tenge, about 9.7 billion tenge were transferred to insurance organizations, burial payments - 1.9 billion tenge and disability payments - 0.8 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 29,360 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 )