INFORMATIONAL MESSAGE
Key indicators of the UAPF as of January 1, 2023:
the growth rate of pension savings is increasing
As of January 1, 2023, pension savings of Kazakhstanis amounted to 14.7 trillion tenge. It should be noted that in 2022 this indicator increased by almost 1.6 trillion tenge (or 12.2%). For comparison, the increase in pension savings for 2021 was only 1%. This means that the pace of development of the accumulative pension system is systematically returning to the indicators of the periods before significant withdrawals of pension savings for alternative purposes, when the growth of pension savings was from 15 to 20% annually.
Pension savings formed at the expense of mandatory pension contributions (OPV) amounted to 14.2 trillion tenge as of January 1, 2023, an increase of 11.9% over the year.
The amount of pension savings on mandatory professional pension contributions (OPP) amounted to about 445.4 billion tenge, having increased by 23.4% in 12 months.
The largest increase – more than 107% – was demonstrated by savings on voluntary pension contributions, which by the end of 2022 amounted to about 3.6 billion tenge.
The increase in savings as a whole was provided by incoming flows in the form of pension contributions and investment income. At the same time, more than 1.7 trillion tenge was received in the form of contributions to depositors' accounts for the year. This is 29% more than in 2021. The growth occurred for all types of contributions: 1.65 trillion tenge was received to individual pension accounts (IPS) for the accounting of OPV for the year (compared to the same period last year, the volume of OPV increased by 28%), OPV – 77 billion tenge (an increase of 39%), contributions to DPV amounted to more than 2.3 billion for the year tenge (an increase of 190%).
Investment income for 2022 exceeded 914 billion tenge. That is, the return on assets at the end of the past year was positive.
Outgoing flows in the form of payments from the UAPF since the beginning of the year amounted to about 1.2 trillion tenge. Most of this amount is still one-time pension payments (EPO) for improving housing conditions and treatment – 918 billion tenge. At the same time, the volume of payments for alternative purposes decreased by 65% compared to 2021.
Age payments increased by 20% and amounted to about 122 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 29,973 tenge, and the maximum amount of monthly payment was 707,326 tenge.
Inheritance payments were also made - 60.2 billion tenge, payments in connection with permanent residence outside the Republic of Kazakhstan – 48.3 billion tenge, disability payments – 2.5 billion tenge, funeral payments – 5.3 billion tenge. About 26 billion tenge has been transferred to insurance organizations.
The number of individual pension accounts in the UAPF as of January 1, 2023 amounted to 12.1 million units, about 11 million - for mandatory pension contributions. As of January 1, 2023, the number of accounts for the CPI amounted to 595,710 units, 358,695 IPS were opened for the accounting of the CPI.
All up-to-date information on statistical data on pension assets, including by regions of the republic, is available on the website enpf.kz in the "Indicators" section.
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 )