INFORMATION NOTICE
Since the beginning of the year, Kazakhstanis have contributed over 523 billion tenge to the UAPF
Key indicators of UAPF as of May 1
As of May 1, 2022, pension savings in the amount of about 13 trillion tenge were formed on the accounts of the Unified Accumulative Pension Fund depositors. For the year, from 05/01/2021 to 05/01/2022, the amount increased by 356.9 billion tenge or 2.8%. The increase in savings was formed taking into account incoming flows in the form of contributions and investment income, as well as outgoing flows in the form of pension payments, including lump sum payments for housing and medical treatment.
The main amount of pension savings was formed at the expense of mandatory pension contributions (MPC) and amounted to 12.6 trillion tenge (an increase over the past 12 months was 2.4%). The amount of pension savings on mandatory professional pension contributions (MPPC) amounted to 377.4 billion tenge (an increase of 18.2%), the amount of pension savings on voluntary pension contributions (VPC) amounted to about 1.8 billion tenge.
It should be noted that incoming flows, in particular, contributions have increased this year. For four months of 2022, pension contributions in the total amount of about 523.5 billion tenge were received on the accounts of depositors, which exceeded the figure for the same period in 2021 by 27% or 110.7 billion tenge. It should be noted that the growth occurred in all types of contributions. Of the total contributions, 95.1% are receipts to the UAPF for the MPC - 497.7 billion tenge (an increase of 26% over the past 12 months), 25.4 billion tenge (an increase of 37%) for the MPC, 400 million tenge (an increase of 85 %) was listed under the VPC.
In addition to the contributions of the contributors themselves, the growth of pension savings was ensured thanks to the net investment income, which from January 1 to May 1, 2022 amounted to 128.7 billion tenge.
The number of individual pension accounts in the UAPF as of May 1, 2022 amounted to 11.7 million units. The largest number of accounts opened for mandatory pension contributions (MPC) - 10,870,075 units. The number of accounts formed at the expense of the MPPC increased over the year by 8.4% and amounted to 565,802 units. The largest increase is observed in the number of IPAs for accounting for VPCs - their number increased by 60% and reached 72,555 units.
Since the beginning of the year, UAPF has paid 921.4 billion tenge. Most of the payments were lump-sum pension payments (LSPP) for the improvement of housing conditions and treatment - 831.7 billion tenge. Age payments amounted to 37.0 billion tenge, inheritance payments - 23.4 billion tenge, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - 16.9 billion tenge, about 9.7 billion tenge were transferred to insurance organizations, payments for burial - 1.9 billion tenge and disability payments - 0.8 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 the retirement age) amounted to 29,360 tenge, and the maximum amount of the monthly payment was 707,326 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, see www.enpf.kz)