Since the beginning of the year, the pension savings of Kazakhstanis have increased by 455 billion tenge
Key indicators of UAPF as of December 1
Investment income since the beginning of the year exceeded the amount of contributions received
As of December 1, 2021, pension savings in the amount of 13.4 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. For the year, from 01.12.2020 to 01.12.2021, the amount increased by 648.8 billion tenge or 5%, and from January 2021 by 455 billion tenge or 4%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (MPC) and amounted to 13.0 trillion tenge (an increase over the past 12 months was 5%). The amount of pension savings on mandatory professional pension contributions (MPPC) amounted to 361.8 billion tenge (an increase of 17%), the amount of pension savings on voluntary pension contributions (VPC) amounted to about 1.7 billion tenge.
For 11 months of 2021, UAPF contributors contributed more funds than for the same period last year. As of December 1, 2021, depositors' accounts received pension contributions in the total amount of about 1.2 trillion tenge, which exceeded the figure for the same period in 2020 (by 227.9 billion tenge or 24%). Of the total contributions, 95.7% are receipts to the UAPF from the MPC - 1.1 trillion tenge (an increase of 24% over the past 12 months), 50.4 billion tenge from the MPC (an increase of 17%), 660 million tenge (an increase of 38 %) 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 December 1, 2021 exceeded 1.3 trillion tenge, which exceeds the previous year by almost 210 billion tenge or 19%. The return on UAPF pension assets managed by the National Bank of Kazakhstan since the beginning of 2021 amounted to 11.0%, with inflation of 7.8%. At the same time, the profitability for the last 12 calendar months amounted to 11.77%, with inflation over the same period of 8.7%.
The number of individual pension accounts in the UAPF as of December 1, 2021 amounted to 11.7 million units. The largest number of accounts was opened for mandatory pension contributions (OPC) - 10,868,712 units. Next come the accounts formed at the expense of the MPPC, 542,397 units, the number of accounts at the expense of the VPC in the UAPF is now 59,217 units.
Since the beginning of the year, the UAPF has paid 2.4 trillion tenge to depositors, most of which were lump-sum pension payments (LPP) for the purpose of improving housing conditions and treatment - 2.1 trillion tenge. Payments by age - 89.2 billion tenge. Transfers to insurance organizations amounted to about 54.1 billion tenge, inheritance payments - 52.5 billion tenge, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - 37.5 billion tenge, burial payments - 5.0 billion tenge and payments for disability - 2.0 billion tenge.
It should be noted that the amount of the average monthly payment according to the schedule from the UAPF (in connection with reaching retirement age) amounted to 28,431 tenge, and the maximum amount of the monthly payment was 673,643 tenge.