ANNOUNCEMENT
UAPF summed up preliminary results for the first half of 2021
Pension savings of Kazakhstanis amounted to 12.8 trillion tenge
As of July 1, 2021, pension savings in the amount of 12.8 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, from 07/01/2020 to 07/01/2021, the amount increased by more than 992 billion tenge or 8%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (MPC) and amounted to 12.4 trillion tenge (an increase over the past 12 months was 8%). The amount of pension savings on mandatory professional pension contributions (MPPC) amounted to 331.5 billion tenge (an increase of 18%), the amount of pension savings on voluntary pension contributions (VPC) amounted to 1.8 billion tenge.
In the six months of 2021, UAPF contributors contributed more funds than in the same period last year. As of July 1, 2021, depositors' accounts received pension contributions in the total amount of 811.8 billion tenge, which exceeded the figure for the same period in 2020 by 286.8 billion tenge or 55%. Of the total contributions, 95.6% are receipts to the UAPF for the MPC - 602.2 billion tenge (growth over the past 12 months - 20%), 27.3 billion tenge (an increase of 14%), 299 million tenge (an increase 39%) was listed under the VPC.
In addition to the contributions of the contributors themselves, a significant increase in pension savings was ensured thanks to net investment income, which from January 1 to July 1, 2021 amounted to 753.3 billion tenge, which exceeds the figures for the same period last year by 39% or 210 billion tenge. Yield on UAPF pension assets managed by the National Bank of the Republic of Kazakhstan since the beginning of the year as of July 1 amounted to 6.1%, with inflation of 4.6%. At the same time, the yield for the last 12 months was 12.1%, with inflation over the same period of 7.9%.
The number of individual pension accounts in the UAPF as of July 1, 2021 amounted to 11.6 million units. The largest number of accounts was opened for mandatory pension contributions (MPC) - 10,907,549 units. Next come the accounts formed at the expense of the OPP - 526,674 units, the number of accounts at the expense of the VPC in the UAPF is now 47,490 units.
Since the beginning of the year, more than 1.7 trillion tenge have been paid to UAPF contributors, most of the payments were lump-sum pension payments (LPP) - 1.6 trillion tenge. The second in terms of payments were payments by age - 46.8 billion tenge. This is followed by: transfers to insurance organizations - they amounted to about 37.7 billion tenge, inheritance payments - 30.5 billion tenge, in connection with leaving for permanent residence outside the Republic of Kazakhstan - 17.3 billion tenge, for burial - 2.5 billion tenge and disability payments - 1.1 billion tenge.
It should be noted that the amount of the average monthly payment according to the schedule (in connection with reaching the retirement age) amounted to 28,708 tenge, and the maximum amount of the monthly payment was 673,643 tenge.
UAPF was established on August 22, 2013, on the basis of SAPF APF JSC. The founder and shareholder of UAPF is the Government of the Republic of Kazakhstan represented by the State Institution "Committee of State Property and Privatization" of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets 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 professional pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the contributor (recipient) with information on the state of his pension savings (for more details, visit www.enpf.kz).