INFORMATIONAL MESSAGE
Indicators on pension assets are growing
UAPF data as of July 1 , 2022
As of July 1, 2022, pension savings in the amount of 13.4 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund, having increased over the year, that is, compared to July 1, 2021, by more than 616 billion tenge (or 4.8%).
The main amount of pension savings was formed at the expense of mandatory pension contributions (OPV) and amounted to almost 13 trillion tenge (an increase of 2.2% since the beginning of the year, 4.4% over the year). The amount of pension savings on mandatory professional pension contributions (OPP) amounted to 394.3 billion tenge, having increased by 19% since July 1, 2021. More than 2.7 billion tenge has been accumulated on accounts for voluntary pension contributions – the most significant increase is observed here – 48% higher than in the same period last year.
Savings in general have increased, primarily due to pension contributions. For six months of 2022, pension contributions totaling about 811.3 billion tenge were received to depositors' accounts. Of the total contributions, more than 95% are receipts to the UAPF for OPV: 772.5 billion tenge has been transferred since the beginning of the year to the OPV of working citizens. About 37.5 billion tenge has been received to individual pension accounts for employees engaged in harmful and dangerous working conditions. 1.3 billion tenge has been transferred since the beginning of the year to the accounts under the DPV.
After the decline in investment income in May of this year, the profitability indicators went up again, covering temporary losses. As a result, in six months the net investment income of depositors exceeded 338 billion tenge.
The number of individual pension accounts in the UAPF for all types of contributions as of July 1, 2022 also amounted to 11.9 million units (an increase of 2.7% over the year). The largest number of accounts have been opened for mandatory pension contributions (OPV) – 10,879,857 units. The number of accounts formed at the expense of the OPPV increased by almost 9% over the year and amounted to 573,754 units. The largest increase in IPS is observed by accounting for DPV - their number increased almost 6 times during the year and reached 303,592 units. It should be noted that a significant increase in DPA continues due to the fact that unclaimed amounts of guaranteed compensation for depositors were transferred from the Kazakhstan Deposit Guarantee Fund to the UAPF for crediting to individual pension accounts (IPS) to account for voluntary pension contributions (DPA). At the same time, the funds received by the DPV begin to be invested and investment income is accrued on them.
Since the beginning of the year, the UAPF has paid 984.2 billion tenge. Most of the payments were one–time pension payments (EPO) for improving housing conditions and treatment - about 849.4 billion tenge. Age payments amounted to 57.3 billion tenge, inheritance payments - 34 billion tenge, payments in connection with permanent residence outside the Republic of Kazakhstan – 25.6 billion tenge, about 13.8 billion tenge were transferred to insurance organizations, burial payments - 2.8 billion tenge and disability payments - 1.2 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 29,794 tenge, and the maximum amount of monthly payment was 707,326 tenge.
Video commentary on the topic is available on the YouTube channel of the BZHZK ENPF at the link.
https://www.youtube.com/watch?v=tcyAeFV6bVY
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 )