Key indicators of UAPF as of November 1
As of November 1, 2021, pension savings in the amount of more than 13.2 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, from 11/01/2020 to 11/01/2021, the amount increased by 613.5 billion tenge or 5%, and from January 2021 by 3%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (MPC) and amounted to 12.9 trillion tenge (an increase over the past 12 months was 5%). The amount of pension savings on mandatory professional pension contributions (MPPC) amounted to 355.7 billion tenge (an increase of 16%), the amount of pension savings on voluntary pension contributions (VPC) amounted to about 1.7 billion tenge.
For ten months of 2021, UAPF contributors contributed more funds than for the same period last year. As of November 1, 2021, depositors' accounts received pension contributions in the total amount of about 1.1 trillion tenge, which exceeded the figure for the same period in 2020 (by 203.5 billion tenge or 23%). Of the total contributions, 95.7% are receipts to the UAPF from the MPC - 1.02 trillion tenge (an increase of 24% over the past 12 months), 45.7 billion tenge (an increase of 17%), 567 million tenge (an increase of 39% over the past 12 months) %) 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 November 1, 2021 exceeded 1.2 trillion tenge, which exceeds the previous year by 105.6 billion tenge or 10%. Yield on UAPF pension assets managed by the National Bank of Kazakhstan since the beginning of the year amounted to 9.93%, with inflation of 7.0%. At the same time, the yield for the last 12 months was 10.90%, with inflation over the same period of 8.9%.
The number of individual pension accounts in the UAPF as of November 1, 2021 amounted to 11.7 million units. The largest number of accounts opened for mandatory pension contributions (MPC) - 10,910,003 units. Next come the accounts formed at the expense of the MPPV, 536,752 units, the number of accounts at the expense of the VPC in the UAPF is now 56,487 units.
Since the beginning of the year, the UAPF has paid 2.2 trillion tenge to depositors, most of which were lump-sum pension payments (LPP) - 2.0 trillion tenge. Payments by age - 78.7 billion tenge. This is followed by: transfers to insurance organizations - they amounted to about 50.8 billion tenge, inheritance payments 47.7 billion tenge, in connection with the departure for permanent residence outside the Republic of Kazakhstan 33.0 billion tenge, for burial 4.5 billion tenge and payments for disability 1.8 billion tenge.
It should be noted that the amount of the average monthly payment according to the schedule (in connection with reaching retirement age) was 28,472 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 APFJSC. 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)