INFORMATION NOTICE
Key indicators of UAPF as of August 1, 2021
Investment income exceeds the amount of incoming contributions
As of August 1, 2021, Kazakhstanis have accumulated more than 12.8 trillion tenge in the Unified Accumulative Pension Fund. For the year, from 08/01/2020 to 08/01/2021, the amount increased by more than 759 billion tenge or 6%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (OPC) and amounted to 12.5 trillion tenge. The amount of pension savings on mandatory professional pension contributions (MPPC) amounted to 335.7 billion tenge, the amount of pension savings on voluntary pension contributions (VPC) exceeded 1.6 billion tenge.
The number of individual pension accounts in the UAPF as of August 1, 2021 amounted to 11.6 million units. The largest number of accounts opened for MPC - 10.9 million. Next come the accounts formed at the expense of MPC - 529 thousand, the number of accounts at the expense of VPC - 49.6 thousand units.
The volume of incoming contributions to the IPA for seven months of 2021 exceeded the figures for the same period last year by more than 23% and amounted to about 741 billion tenge. The largest part - 708.7 billion tenge or 95.7% - is made up of contributions to the VPC.
Net investment income on the accounts of depositors since the beginning of the year amounted to 798.3 billion tenge, thereby blocking the volume of incoming contributions for all types of contracts. For the same period last year, it amounted to 752.9 billion rubles.
At the same time, the profitability of UAPF pension assets managed by the National Bank of the Republic of Kazakhstan since the beginning of the year amounted to 6.48% with inflation of 5.3% over the same period. If we consider the return on pension assets managed by the NBRK in annual terms, i.e. over the past 12 months, it is 10.56% with inflation of 8.4%.
Payments from the UAPF amounted to more than 1.8 trillion tenge since the beginning of the year. Of the total amount, about 1.7 trillion tenge was paid in the form of lump-sum pension payments (LPP) for the improvement of living conditions and treatment. At the same time, the average payment for improving housing conditions amounted to 4.4 million tenge, the average payment for treatment - 0.9 million tenge.
Payments upon reaching retirement age amounted to more than 54.7 billion tenge. The amount of the average monthly payment according to the schedule (in connection with reaching retirement age) amounted to 28.6 thousand tenge, the maximum monthly payment by age amounted to 673.6 thousand tenge.
More than 41 billion tenge was transferred to insurance organizations when concluding a pension annuity agreement, 37.3 billion tenge was paid to heirs and for burial, more than 21 billion tenge in connection with leaving for a permanent place of residence, about 1.3 billion tenge due to the onset of disability.
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)